Nio CEO cautiously eyes Europe entry for Chinese EV startup

For about two years, the Nio EP9 sports car prototype had the fastest lap time of any electric vehicle on the grueling Nuerburgring Nordschleife at 6:45.90. Although the EP9's record fell last month to the Volkswagen IDR, the result proved that Nio's innovative technology could compete with the world's best. Nio founder and CEO William Li spoke to Automotive News Europe Correspondent Christiaan Hetzner during the Shanghai auto show about the EV maker's plans for Europe, competing with German rivals in China and the need for fresh funding after listing on the New York Stock Exchange.