“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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Category: NIO Team
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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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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Nio's vice president of digital cockpit and software development, Zhang Lei, is leaving the company and will complete the handover by the end of this month, according to local media.
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Nio's head of smart driving products and experiences says Onvo is set to will have surprises in smart driving.
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