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Ai Tiecheng Steps Down as President of NIO's Onvo Brand; Shen Fei Takes Over
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Ai Tiecheng, the former president of NIO-SW's (09866.HK) (NIO.US) Onvo brand, expressed regret over not achieving expected sales and announced his resignation through an article on the Onvo App. Ai will no longer serve as the president of Onvo or as a senior vice president of NIO.

NIO subsequently announced that Shen Fei, the former head of the energy business, will succeed Ai as the president of Onvo.

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