• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

NIO to trim workforce by 10% amid ‘fierce competition’ in the EV market

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Chinese EV startup NIO revealed it will trim staff positions by 10% this month to improve profitability. NIO’s CEO, William Li, announced the news in an internal memo Friday, citing “fierce competition” in the EV market. More…

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