Li Bin: Aiming for more than a Chinese copy of Tesla

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Good at making and investing money, he founded two companies that went on to list on the NYSE and invested in over 40 startups

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Chinese electric vehicle (EV) manufacturer NIO is often known as the local rival of Tesla, but its founder Li Bin refuses to be compared to Elon Musk. “I am not a fan of Musk... NIO is not a follower of Tesla either," he once said. "We are trying to figure out what we can do to differentiate ourselves from Tesla and do an even better job.”  Li personally invested US$150 million in the business when it was founded in 2014. His faith in NIO was sometimes interpreted by outsiders, or even by peers, as overoptimism. In August 2018, He Xiaopeng, CEO of Xpeng Motors, another...
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