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Nio lays off staff across key departments

Nio has laid off employees across multiple departments, including after-sales service, PT Energy, Nio House operations, after-sales stores, and terminal sales teams.

The company has offered compensation and reassignment plans to affected employees.

Sources estimate the layoffs impact around 10% of staff, though rates vary by region. Shanghai’s UR Fellow department cut about 10%, while Shenzhen’s team faced a 50% reduction.

Some affected employees reportedly moved to Xiaomi’s car user service team.

The layoff process was swift, with some employees completing handovers within 20 minutes of notification.

Recent NIO developments

Timeline
08-Mar-2025 📈 Nio secures $552m from two Chinese state-owned firms
  • Nio receives $552M investment from state entities
  • Shares rise by 2.42% after announcement
20-Feb-2025 🚗 Nio denies job cut rumors
  • Nio denies 50% workforce cut rumors as absurd
  • Company reports situation to authorities, hiring continues
23-Dec-2024 🚗 Nio launches Firefly EV with battery-swap tech
  • Nio launches new Firefly model at $20,284
  • Compact EV features battery swapping, self-parking
20-Dec-2024 🚗 Nio aims profitability, global growth by 2026
  • Nio aims for profitability by 2026.
  • Plans to deliver 220K vehicles in 2024.
20-Nov-2024 📉 Nio misses revenue targets, faces loss amid Tesla pressure

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