Smart and Sustainable Electric Mobility
Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
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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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The EC6's contribution to Nio's sales is modest, but the actor's move to buy the coupe SUV is an endorsement of the model and the Nio brand.
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Nio delivered 16,074 vehicles in October, up 2.77 percent from September and up 59.8 percent year-on-year.
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As of October 31, Nio had 139 Nio Houses, 314 Nio Spaces and 2,079 battery swap stations worldwide.
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Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China.
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At the current stage, Baolong and Nio will cooperate on products including air springs, wheel speed sensors, and optical rain sensors.
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Nio built its first battery swap station on May 20, 2018 and saw its 1,000th battery swap station go live on July 6, 2022.
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Qualcomm overnight launched its latest Snapdragon 8 Gen 3 chipset, which is expected to be standard on flagship Android-powered phones in 2024.
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The station is Nio's 1999th in China and appears to commemorate Macau's return to China in 1999.
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