Saturday, November 4, 2023

Bad News For Chinese EV Workers

Major Chinese electric automobile manufacturer Nio has announced that 10% of its 7000 member work force is being cut in an effort to lower costs and increase efficiency in the world's largest EV market. The Shanghai-based company has increased sales figures but still fails to meet its own goals.

 https://evmagz.com/wp-content/uploads/2023/02/NIO-ES8-750x375.jpgevmagz.com 

Nio has introduced a new model in Europe and plans for sales in the US and other countries. Its goal is to import premium EVs to the US by 2025.  

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