NIO Inc. Provides October 2023 Delivery Update
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Nio (NIO) shares rise as CEO says company will cut 10% of staff
November 3, 2023 8:07 AM EDTShares of electric vehicle company, Nio Inc. (NYSE: NIO) are up by more than 2% in pre-market trading Friday morning after the Chinese automaker revealed in a letter to workers that they would be cutting 10% of staff positions.
According to the letter, signed by CEO William Li, Duplicate and inefficient roles will be cut, and project investment that are not expected to contribute to the company's financial performance within the next three years will also be... More
Nio (NIO) reports deliveries of 16K units in October
November 1, 2023 11:56 AM EDTChinese electric vehicle maker, Nio Inc. (NYSE: NIO) released their October sales report Wednesday, reportedly delivering 16,074 vehicles in the month. A 3% increase compared to last month and a 59.8% increase when compared to October of last year. The deliveries consisted of 11,086 premium smart electric SUVs,... More
