Amidst Intense Competition in the EV Market, Chinese Carmaker Nio Implements Layoffs
Nio, a prominent Chinese automaker known for its high-end electric SUVs, has recently announced a round of layoffs in response to increased competition and the need to cut expenses and reallocate resources. According to an internal letter from CEO William Li, the company plans to reduce its workforce by approximately 10% as part of its […]
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