Ai Tiecheng, Senior Vice President of NIO and President of ONVO, speaks during the press conference of ONVO, NIO's new subsidiary brand, on May 15, 2024 in Shanghai, China. NIO launches its second brand ONVO and its first model L60 on May 15. SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday. The company will still focus on China, and will persist in its initial aspiration to be a global compa ...