Nio Team
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Nio's William Li reiterates Q4 profitability target at internal meeting
Li told employees that the fourth-quarter profitability target must be achieved, and everyone should intensify their efforts.
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Multiple execs from Nio's smart driving team have departed, report says
Nio's head of AI platform, head of world model, and head of smart driving products have recently left the company, according to a local media report.
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Nio's William Li reassures staff in internal speech that Q4 profitability remains achievable
Both the Onvo L90 and the new Nio ES8 are high-priced products with solid gross margins, Li said.
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Nio adds 800 salespeople in past month as 3rd-gen ES8 launch approaches
Nio's third-generation ES8 is said to make its debut on August 20, with showroom models available at Nio stores on August 21.
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Nio welcomes new exec who could help improve its financial situation, report says
Bagrin Angelov, who served as head of cross-border M&A at CICC for the past 10 years, has joined Nio as vice president of capital markets.
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New report sheds light on how Nio cuts costs
In its May update on four models, Nio's new strategy avoided additional costs caused by material waste, according to a local media report.
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Onvo's May deliveries up at least 40%, despite 40% reduction in sales staff, says William Li
Li's remarks imply that Onvo delivered at least 6,160 vehicles in May.
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Nio reportedly makes deeper integration of 3 brands to cut costs
The changes focus on Onvo, which remains a sub-brand but will operate as a first-tier division of Nio.
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Nio's team shake-up reportedly continues for sales channel integration of Nio and Onvo brands
In several cities, sales of Nio and Onvo brands are starting to be headed by the same person.
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Shen Fei confirms he begins Onvo president role
Shen joined Nio in 2015 and is one of the company's earliest core management members.
