Electric carmaker Nio to lay off 1,200 employees – Roadshow

Not only does the ES6 look pretty neat, its swappable battery system — and the chance to upgrade range in the future — is unique and could provide a new avenue for revenue as automakers embrace electrification. Nio Days ago, we learned Nio’s co-founder Jack Cheng had announced his retirement from the company. Now, it…

Electric carmaker Nio to lay off 1,200 employees – Roadshow

Not only does the ES6 look pretty neat, its swappable battery system — and the chance to upgrade range in the future — is unique and could provide a new avenue for revenue as automakers embrace electrification.
Nio
Days ago, we learned Nio’s co-founder Jack Cheng had announced his retirement from the company. Now, it appears there are more shakeups in store for the electric-car startup.According to a report by industry site Gasgoo on Friday, the Chinese carmaker plans to shed 1,200 employees from its payroll. The cuts will be complete by September as Li Bin, chairman and CEO of Nio, likely looks to cut costs. After the layoffs, Nio will employ 7,500 people. Those facing cuts will come from human resources and legal departments, per the report, which cited an internal email.Nio will preserve its res
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