EV Bloodbath: Nio Slashes Jobs, Misses Targets, and Plunges to 5-Year Low

GuruFocus.com
8 hours ago

Nio (NYSE:NIO) is tightening its belthard. The EV maker has kicked off a sweeping round of layoffs across Europe and the U.S., aiming to cut global operating costs by 25%. Design and R&D teams were ...

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