Nio CFO Feng Resigns; Insider Stanley Qu Steps In
Nio CFO Steven Wei Feng resigns for personal reasons, replaced by insider Stanley Yu Qu, who now faces industry challenges including a price war and stricter import restrictions
China-based electric vehicle maker Nio has announced the immediate resignation of Steven Wei Feng as its chief financial officer due to personal reasons. Feng will be succeeded by Stanley Yu Qu, an insider who joined Nio in October 2016 and most recently served as senior vice president of finance.
Qu now faces the challenge of navigating Nio’s finances amid industry hurdles such as a price war and tighter restrictions on Chinese imports. Before his tenure at Nio, Qu held financial leadership roles at Lear Corporation and Johnson Controls between 2013 and 2016, and spent a decade at PwC in various capacities.
