Nio (NIO) reports deliveries of 16K units in October

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Go back to Nio (NIO) reports deliveries of 16K units in October

Nio (NIO) shares rise as CEO says company will cut 10% of staff

November 3, 2023 8:07 AM EDT

Shares 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) Delivered 16,074 Vehicles in October 2023

November 1, 2023 5:41 AM EDT

(Updated - November 1, 2023 5:42 AM EDT)

NIO Inc. (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market, today announced its October 2023 delivery results.

NIO delivered 16,074 vehicles in October 2023, increasing by 59.8% year-over-year. The deliveries consisted of 11,086... More