Nio Team
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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.
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Alan Ai steps down as Onvo president
Shen Fei, head of Nio Power, replaces Ai as president of Onvo and reports to Nio co-founder and president Qin Lihong.
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William Li details how Nio should control costs in internal speech
Nio's goal of achieving single-quarter profitability in the fourth quarter will require it to become more rational in cost control, resource allocation and priority setting, said William Li.
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Nio has reportedly made layoffs across multiple teams
The layoffs should be around 10 percent, with some variation by region, according to a local media report.
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Nio making organizational changes to focus more on cost control, report says
Nio has introduced a CBU system to strengthen cost control, and multiple functions will be downsized based on full-year targets, according to local media.
