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Electric cars in China

China startup Nio sheds 1,000 jobs, months after NY listing

Tesla rival suffers from cut in electric vehicle subsidies

Months after its New York initial public offering in September, Nio recalled about 4,800 ES8 SUVs in response to battery fires.   © Reuters

GUANGZHOU -- Chinese electric car maker Nio slashed its workforce by about 10% between April and August, less than a year after its New York stock market listing, amid sluggish sales compounded by sharply reduced government support.

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