06
Nov
03:45
Nio confirms 10% layoff in November
China’s Nio recently confirmed plans to cut its workforce by 10% in November to further improve operational efficiency, Kallanish reports.
According to an open letter last week, Nio’s founder, chairman and ceo Li Bin said the company’s comprehensive performance is still below expectations despite the release of five brand-new products so far this year. The smart EV manufacturer also achieved over 40% market share in the BEV segment priced over CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous