NIO reportedly denies partnership with Advanced Micro Devices
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Nio is denying it has a partnership with chipmaker Advanced Micro Devices (NASDAQ:AMD), according to a report in CnEVPost.

The partnership was announced earlier on Monday.
Chinese EV manufacturer NIO and AMD are not working together and are not currently discussing a partnership, an executive at the EV maker said, asking AMD to remove a video previously posted on Weibo, CnEV reported.

"This move by AMD is very unfortunate. After talking to it, AMD only removed the message from the official website and the marketing campaign on Weibo still exists. AMD please remove this Weibo post," said Ma Lin, senior director of corporate communications at NIO.
Shares of NIO are up 3.5% premarket. AMD is flat.