Nov 26, 2023

NIO to slash workforce by 30% as it bets on robots and AI

Posted by in categories: robotics/AI, transportation

Along with Xpeng and Li Auto, it is one of the top three Chinese premium EV assemblers.

NIO Newsroom.

As SCMP reports, the Shanghai-based company, which competes with Tesla and other premium EV brands, said it had already trimmed 10 percent of its staff earlier this month to improve efficiency and competitiveness.

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