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.
Nio's payroll has fallen to about 8,800 people from 9,800 at the end of March, CEO William Li Bin said at a recent event in Beijing, citing a need to optimize the company's size and improve efficiency.
