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Nio to optimize efficiency by cutting 10% positions, reducing projects

Peng Chen, DIGITIMES Asia, Taipei Monday 6 November 2023 0

Nio's founder and chairman William Li. Credit: AFP

China-based EV company Nio announced an organizational optimization plan to better position itself in the highly competitive Chinese EV market. It plans to reduce 10% of the positions in November and will delay or cut projects that cannot improve the...

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