This is the second time Nio has made adjustments to its smart driving team to accelerate the use of end-to-end technology to remake smart driving features.
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This is the second time Nio has made adjustments to its smart driving team to accelerate the use of end-to-end technology to remake smart driving features.
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“We must keep launching competitive new products and improving our operational efficiency to double our sales next year and achieve profitability in 2026. These are goals we cannot afford to miss,” Li said.
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Nio, which was founded on November 25, 2014, is starting multi-brand operations, having already launched the Onvo sub-brand and will launch the Firefly brand next month.
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A battery swap station can break even if it serves 60 to 70 times a day, Nio's CFO said.
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Former Nio CFO Steven Feng has joined US-sanctioned surveillance camera maker Hikvision, after leaving the EV maker in early July.
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The upgrade establishes a basic framework for addressing market competition, multi-brand operations, and globalization, William Li said.
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A C-level change is rarely positive news, but Nio's recent solid operation should help ease market concerns, thus preventing any panic knee-jerk reaction, Morgan Stanley said.
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Nio's full-time workforce increased by a net 6,057, or 22.63 percent, in 2023.
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Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals.
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Nio founder, chairman and CEO William Li said he's completely unaware of any new layoff plans.
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