Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’::China’s Nio has been hit by weak consumer sentiment in the world’s second-largest economy, stiff competition and a price war started by Elon Musk’s Tesla.
Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts 'intense competition'
Submitted 1 year ago by L4s@lemmy.world [bot] to technology@lemmy.world
https://www.cnbc.com/2023/11/03/chinese-tesla-rival-nio-cuts-10percent-of-workforce.html
RedditRefugee69@lemmy.world 1 year ago
Tesla rival o Tesla copy?
tony@lemmy.hoyle.me.uk 1 year ago
They’re more a BYD rival, being chinese.
casmael@lemm.ee 1 year ago
Quite a few BYD buses in London now tbh, they’re annoyingly good.
snowe@programming.dev 1 year ago
In what way?
RedditRefugee69@lemmy.world 1 year ago
It’s just kinda Chinese standard since PRC