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$XPeng (XPEV.US)$$Li Auto (LI.US)$$NIO Inc (NIO.US)$ nio inc...
$XPeng (XPEV.US)$ $Li Auto (LI.US)$ $NIO Inc (NIO.US)$ nio inc started laying off 10% of its employees this month. There are rumors that the boss of nio inc is going to run away. It seems like Ideals will skyrocket.
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SwIngVestor : What nonsense are you talking about. Trimming staff force was just their way to streamline efficiency and improve overall margins. With Nio expanding and developing, I don't see the CEO running away anytime soon
philzero : They are quite successful recently, Maybe tesla would need to borrow their swap station later too.
Cutting workers means saving cost which all investors loves to hear while additional funds can be use more into promoting their EV. I believe once Apec is over, they will start to boast revenues.