Nio CFO Resigns, Company Expects Continued Growth
Steven Wei Feng steps down; Stanley Yu Qu promoted as Nio reports strong vehicle deliveries and stable demand.
- Steven Wei Feng resigned as Nio's CFO for personal and family reasons after five years in the role.
- Stanley Yu Qu, previously Senior VP of Finance, has been promoted to CFO.
- Morgan Stanley analysts expect minimal impact on Nio's operations and future fundraising plans.
- Nio delivered 21,209 vehicles in June, marking a 98% year-over-year increase.
- Quarterly deliveries reached 57,373 units, reflecting a 144% growth year-over-year.
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