CYVN to become Nio’s largest shareholder, while William Li to retain most voting rights
At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio…
Deutsche Bank lists 5 areas where Nio can cut costs
Edison Yu's team believes that Nio can cut costs in five areas: battery cells, chip development, battery swap, dealer network, and phone.
Nio denies after report says it’s considering further job cuts
A report earlier today said some of Nio's departments were asked to prepare reserve lists of layoffs, which may widen the original dismissals…
Nio appoints professor from top Singapore university as independent director
Wen Yonggang, Professor and Chair of the School of Computer Science and Engineering at Nanyang Technological University, Singapore, has been…
Nio rumored to be integrating sub-brand Alps into main brand’s team
Alps is rumored to no longer be a standalone program, with the team's personnel assigned to various Nio divisions and some positions cut.
Nio’s job cut could save up to RMB 2 billion per year, says Deutsche Bank
"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the…
Nio’s battery, phone businesses likely to be hardest hit by layoffs, report says
Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
Nio lays out organizational optimization plan: To cut 10% of positions, emphasize on improving efficiency
Nio said it will improve resource efficiency and defer or cut investments in projects that do not contribute to the company's financial…
All employees hold Nio shares as of year-end 2022, ESG report shows
Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.
New report reveals why Nio periodically gets into tricky situations and how it defuses them
Local media outlet 36kr has published an excellent story today that sheds light on why Nio is periodically in trouble and how it defuses its…