EV maker Nio considers more job cuts after shedding 10% staff - Bloomberg News
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China says revised NEV tax incentives ensure 90% eligibility for EVs
December 11, 2023 10:52 AM ESTChina's industry ministry announced Monday that over 90% of the countrys existing new energy vehicle (NEV) models will maintain eligibility for tax incentives on purchases, thanks to updated technical criteria.
According to a statement from the Ministry of Industry and Information Technology, the technical criteria for new energy... More
Tesla (TSLA) China plans to build auto research center in Thailand as EVs gain popularity
December 8, 2023 3:43 PM ESTThailand revealed Friday that China is planning to establish a China Automotive Technology and Research Center (CATARC) in the region, the fourth such facility in the world.
Tax incentives and subsidies offered by the Thai government have successfully attracted Chinese car manufacturers such as BYD and Great Wall... More
Nio (NIO) considers expanding job cuts
December 7, 2023 8:41 AM ESTChinas Nio Inc. (NYSE: NIO) is reportedly considering further workforce reductions following its recent announcement of a 10% job cut last month.
According to a report released by Bloomberg on Thursday, the electric automaker has instructed certain departments to prepare supplementary lists for potential layoffs,... More
