INSUBCONTINENT EXCLUSIVE:
Electric vehicle startup Nio is laying off 141 people at its North American headquarters
autonomous vehicles for consumers
Under the agreement, Nio will engineer and produce a self-driving system designed by Mobileye.The Intel partnership was a spot of bright
news after a difficult year for Nio
of February.The company reported losses in the first and second quarters of the year, and, in June, voluntarily recalled 5,000 of its ES8
electric SUVs after battery fires in China, impacting its production and delivery
workforce from 9,900 people down to 7,800 by the end of the third quarter
Nio has offices in 11 cities, including Beijing, London and Munich.
