Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’

Home » Blog » Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’

November 4, 2023November 4, 2023

China’s Nio has been hit by weak consumer sentiment in the world’s second-largest economy, stiff competition and a price war started by Elon Musk’s Tesla.

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