Category: China

BREAKING: 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 performance in three years.

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VW’s software arm Cariad sets up joint lab with Vivo to explore phone-car integration

Cariad China's partnership with Vivo comes at a time when Chinese consumers are increasingly valuing the seamless experience of connecting their smartphones to EVs, which has even driven some EV makers, including Nio, to enter the phone making space.

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