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Li Bin (49) is a really big player in the booming Chinese automotive industry. He is the founder and CEO of electric car manufacturer Nio. His fortune is estimated at $7.1 billion. He travels secretly these days. At the (D) International Motor Show IAA in Munich. In a baggy suit and brown leather shoes that have seen better days.
It’s no wonder: Li Bin wants to be as unrecognizable as possible in the crowd of thousands of car freaks. And examine the products of the competition. He’s particularly impressed with Tesla’s new Model 3, as seen in photos circulating on the X (formerly Twitter). In one of them he looks very closely at the driver’s door. It is not yet known whether it deals with the interior panels or the sound system boxes.
Posed under the Tesla logo
In the second picture, he is excitedly talking on the phone under the Tesla logo everywhere. What do you think he conveys to his employees in China? However, he doesn’t look very relieved.
Nio is a rapidly growing Chinese startup based in Shanghai. It specializes in the production of electric cars. And it currently employs 14,000 people worldwide. Nio’s design department is located in Munich. Nio’s second mainstay is battery changing stations. The Chinese are primarily targeting the lucrative European market. (pbe)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
