In several cities, sales of Nio and Onvo brands are starting to be headed by the same person.
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Category: NIO Team
Shen joined Nio in 2015 and is one of the company's earliest core management members.
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Nio's goal of achieving single-quarter profitability in the fourth quarter will require it to become more rational in cost control, resource allocation and priority setting, said William Li.
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The layoffs should be around 10 percent, with some variation by region, according to a local media report.
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Nio has introduced a CBU system to strengthen cost control, and multiple functions will be downsized based on full-year targets, according to local media.
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Nio said the rumor is ridiculously untrue and it has reported it to the police.
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William Li mentioned that Nio seeks to achieve single-quarter profitability in the fourth quarter of 2025.
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Nio starts offering rewards of between RMB 10,000 and RMB 1 million ($140,000) for tips on malicious online attacks.
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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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