Chinese electric car giant Nio considers deeper staff cuts amidst financial challenges: Report
Chinese electric car manufacturer Nio Inc. is reportedly considering further staff reductions, potentially expanding the initial 10% cut. The move aims to enhance efficiency and cut expenses amid challenges, with a focus on non-core businesses.
Nio Inc., the Chinese electric car manufacturer, is considering additional staff reductions as part of its efforts to cut expenses and enhance efficiency. This comes shortly after the company revealed intentions to trim 10 percent of its workforce, according to sources familiar with the matter cited by Bloomberg.