Nio Stock Massive Update! Everything is now Set | This could be Big for Nio!

The day is here where Nio launch the third brand which is Firefly and China and other investors wait to see the response of order inflows.

The first model of Nio's (NYSE: NIO) third brand, Firefly, uses chips from local smart driving solutions provider Horizon Robotics (HKG: 9660), which could be one of the key contributing factors to the model having lower costs.

Texts in an image posted to Weibo by Horizon Robotics last night show that Firefly marks the launch of its first model in partnership with Nio.

Firefly vehicles, equipped with Horizon Robotics' Journey series of computing solutions, has a dynamic driving experience, the company said.Back in November 2022, Horizon Robotics CEO Yu Kai said at a forum that the company entered into a partnership with Nio, which would use its products for one of the EV maker's new brands.

Prior to the ET9, all Nio-branded models came standard with four Nvidia Drive Orin smart driving chips with a total computing power of 1,016 TOPS.

The ET9, which saw deliveries begin at the end of March, is powered by two Shenji NX9031 smart driving chips developed by Nio in-house. The company had said a single Shenji chip has computing power of four mainstream autonomous driving chips combined.

Nio will update its main-selling models ET5, ET5 Touring, ES6, and EC6 this year, and one of the most significant changes will be the switch of the smart driving chip from Orin to Shenji NX9031.

Nio's other sub-brand Onvo's first model, the L60 mid-size SUV (sport utility vehicle), uses one Nvidia Orin X chip with 254 TOPS.

Onvo will unveil its second model, the L90, at the Shanghai auto show next week, and it's not clear if the mid to large-size SUV will also use Nvidia chips.

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