"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.
The post Nio's job cut could save up to RMB 2 billion per year, says Deutsche Bank appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
The post Nio's battery, phone businesses likely to be hardest hit by layoffs, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post BREAKING: Nio lays out organizational optimization plan: To cut 10% of positions, emphasize on improving efficiency appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.
The post All employees hold Nio shares as of year-end 2022, ESG report shows appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Local media outlet 36kr has published an excellent story today that sheds light on why Nio is periodically in trouble and how it defuses its challenges.
The post New report reveals why Nio periodically gets into tricky situations and how it defuses them appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio is finally getting all-in on selling cars, making adjustments to its organizational structure, customer engagement, and sales team management to boost sales, according to local media.
The post New report reveals what steps Nio has taken to boost sales appeared first on CnEVPost.
For more articles, please visit CnEVPost.
At the end of 2022, Nio had 26,763 full-time employees, higher than Li Auto's 19,396 and Xpeng's 15,829.
The post Factbox: How many employees does Nio, Xpeng, Li Auto have? appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Former XPeng Internet center vice general manager Liu Fanfan has joined NIO as head of the navigation and location services division, according to local media.
(Image credit: CnEVPost)
NIO (NYSE: NIO) appears to be attracting a lot of XPeng (NYSE: XPEV) talent, and the trend continues.
Liu Fanfan, formerly vice general manager of XPeng's Internet center, has joined NIO as head of its navigation and location services division, local media outlet LatePost reported today.
Liu reports to Zhang Lei, NIO's vice president of digital cockpit and software development, and is also the head of smart cockpit delivery for NIO's NT 3.0 platform models, according to the report.
NIO is phasing out the NT 1.0 platform and transitioning its models to the NT 2.0 platform. The company's sub-brand models, which it plans to begin delivering next year, will be based on the next-generation NT 3.0 platform, according to the previously announced information.
Liu, who has worked for in-car navigation provider Telenav for more than 10 years, joined XPeng in March 2018 and was responsible for the map navigation, in-car systems and app ecosystem business at the Internet center.
During his time at the company, XPeng Internet center developed the in-car system Xmart OS, which debuted on the XPeng G3 in late 2018.
Xmart OS was upgraded to version 2.1.0 in October 2020, and introduced a full-scene voice interaction feature that allows control of 90 percent of XPeng's in-house developed applications by voice, the report noted.
XPeng's team expanded rapidly after its Hong Kong listing in June 2021, growing to nearly 14,000 people by the end of 2021, more than twice the size of the team at the end of 2020.
However, XPeng's team has undergone significant restructuring in 2022, with many of its mid-level R&D staff and executives leaving to join NIO between last year and this year, the LatePost report noted.
Last April, Harry Wong, formerly XPeng's director of self-driving products, officially joined NIO to take charge of the self-driving experience.
On September 6 last year, local automotive website Xchuxing reported that the former XPeng's head of voice recognition, Zhao Hengyi, had left in March and he would join NIO.
LatePost reported today that Zhao joined NIO ahead of Liu and is responsible for businesses including virtual voice assistant Nomi, reporting to Ted Li, NIO's head of product experience.
The post Former XPeng exec joins NIO as head of navigation division, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
A female former intern claims she was treated unfairly after being sexually assaulted while working at NIO. The company issued a clarification, but it was challenged by the lady.
The post NIO becomes trending topic as former intern claims unfair treatment after sexual assault appeared first on CnEVPost.
For more articles, please visit CnEVPost.