NIO / Nio to cut staff by 10% on ‘fierce' competition

Nio (NYSE: NIO ) has performed poorly over the past few months. Although shares in the China-based EV maker have found support in recent trading days, more_horizontal

In today's market, Nio (NYSE: NIO ) is among the electric vehicle (EV) stocks in focus for many investors. That's partly due to the company's price ac more_horizontal

China-based electric vehicle (EV) manufacturer Nio (NYSE: NIO ) can't seem to catch a break on Wall Street lately. NIO stock is far below its peak p more_horizontal

Nio Inc announced on Friday plans to reduce its workforce by 10% amid what the Chinese electric automaker's CEO called "fierce competition."   "The c more_horizontal

Nio (NYSE: NIO ) stock is rising higher on Friday after the electric vehicle (EV) company announced plans to lay off a significant chunk of its employ more_horizontal

Chinese electric vehicle manufacturer Nio Inc (NYSE: NIO) is making significant workforce cuts, citing intense competition in the industry. As of Nove more_horizontal

The Chinese EV maker is about to lay off 10% of its workforce, according to Reuters. It could have implications for Tesla and other EV peers. more_horizontal

Chinese electric vehicle (EV) company Nio (NYSE: NIO ) said it will lay off 10% of its staff. It is being done, the company said, due to rising compet more_horizontal