{"id":37829,"date":"2023-11-03T18:30:58","date_gmt":"2023-11-03T18:30:58","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2852819"},"modified":"2023-11-03T18:30:58","modified_gmt":"2023-11-03T18:30:58","slug":"nio-sales-surge-60-but-its-slashing-its-workforce-by-10","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/11\/03\/nio-sales-surge-60-but-its-slashing-its-workforce-by-10\/","title":{"rendered":"Nio Sales Surge 60% But It\u2019s Slashing Its Workforce By 10%"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/werdfc-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/werdfc-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/werdfc-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/werdfc-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/werdfc.jpg 1447w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>Chinese EV manufacturer Nio is planning to cut its workforce by 10 percent in November, as it chases improved efficiency and lower costs. Despite rising sales, the automaker is facing pressure from competitors and a price war that is affecting profitability.<\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p><a href=\"https:\/\/www.carscoops.com\/tag\/nio\/\">Nio announced<\/a> on November 1 that it had sold 16,074 vehicles in October. That was an increase of nearly 60 percent, as compared to October 2022. Cumulatively, it has sold a total of 126,067 vehicles this year, an increase of 36.3 percent as compared to the same period last year.<\/p>\n<p>That&rsquo;s a big rally, considering <a href=\"https:\/\/www.carscoops.com\/tag\/sales\/\">it sold<\/a> just 6,155 vehicles in May, which was 12 percent less than it managed in May 2022. Despite the recovery, and the strong sales turnaround in the latter half of the year, the automaker still believes it can do better.<\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2023\/10\/nio-loses-35000-a-car-that-should-scare-the-u-s-and-europe\/\">Nio Loses $35,000 A Car. That Should Scare The U.S. And Europe<\/a><\/strong><\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-ET7.webp 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-ET7-400x267.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-ET7-1024x682.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-ET7-768x512.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-ET7-1536x1024.webp 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-ET7-2048x1365.webp 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7.jpg 2200w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7-400x267.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7-1024x682.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7-768x512.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7-1536x1024.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7-2048x1365.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Nio Sales Surge 60% But It&rsquo;s Slashing Its Workforce By 10%\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-ET7-1024x682.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a>  <\/p>\n<p>Nio still has &ldquo;a gap between [its] overall performance and expectations,&rdquo; it said in an email to staff seen by <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/chinese-ev-upstart-nio-plans-eliminate-10-its-positions-2023-11-03\/\">Reuters<\/a>. &ldquo;This is a tough but necessary decision against the fierce competition.&rdquo;<\/p>\n<p>Although its sales continue to increase, its profit margins are being hurt by <a href=\"https:\/\/www.carscoops.com\/tag\/electric-vehicles\/\">an EV<\/a> price was launched by Tesla. In fact, reports indicate that the brand loses $35,000 per vehicle is sells. Adding to its troubles, Chinese consumers are increasingly turning to even more affordable <a href=\"https:\/\/www.carscoops.com\/2023\/08\/byd-li-auto-nio-and-xpeng-report-sales-increases-in-china\/\">plug-in hybrid vehicles<\/a>, sales of which have increased by 84.5 percent in the first nine months of 2023.<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p>In a sign of how seriously it is taking its performance gap, it is not limiting its cost-cutting efforts to layoffs. Nio says it also deferring or cutting long-term project investments that will not contribute to its financial performance within the next three years.<\/p>\n<p>Last month, reports indicated that Nio is also considering launching a dealer network in Europe, a market it is attempting to break into. It hoped that better service will help accelerate sales of its EVs, and ease pressure on the division, which is currently losing money for the company.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-scaled.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-October-Sales-scaled.webp 1182w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-October-Sales-185x400.webp 185w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-October-Sales-473x1024.webp 473w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-October-Sales-768x1663.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-October-Sales-709x1536.webp 709w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/11\/2023-Nio-October-Sales-946x2048.webp 946w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-scaled.jpg 1182w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-185x400.jpg 185w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-473x1024.jpg 473w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-768x1663.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-709x1536.jpg 709w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-946x2048.jpg 946w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Nio Sales Surge 60% But It&rsquo;s Slashing Its Workforce By 10%\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nio-October-Sales-473x1024.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a><br \/>\n        <\/body><\/html><\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a href=https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/findteacher>\u7acb\u523b\u8a3b\u518a\u53ca\u5831\u540d\u96fb\u8166\u88dc\u7fd2\u8ab2\u7a0b\u5427! <\/a><br>\r\n\r\n\u7535\u5b50\u8ba1\u7b97\u673a -\u6559\u80b2 -IT \u96fb\u8166\u73ed\u201d ( IT\u96fb\u8166\u88dc\u7fd2 ) \u63d0\u4f9b\u4e00\u500b\u65b9\u4fbf\u7684\u7535\u5b50\u8ba1\u7b97\u673a \u6559\u80b2\u5e73\u53f0, \u70ba\u5927\u5bb6\u914d\u5c0d\u4fe1\u606f\u6280\u672f, \u96fb\u8166 \u8001\u5e2b, IT freelance \u548c programming expert. \u8b93\u5927\u5bb6\u65b9\u4fbf\u5730\u5c31\u80fd\u627e\u5230\u5408\u9069\u7684\u96fb\u8166\u88dc\u7fd2, \u96fb\u8166\u73ed, \u5bb6\u6559, \u79c1\u4eba\u8001\u5e2b.  <br>\r\n\r\nWe are a education and information platform which you can find a IT private tutorial teacher or freelance. <br>\r\n\r\nAlso we provide different 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<br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/werdfc-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\"><\/div>\n<p>Nio sold 16,000 vehicles in October, nearly 60% more than it did a year ago, but a price war means that it&#8217;s losing money on every vehicle it sells, and must now lay employees off<\/p>\n","protected":false},"author":349,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-37829","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/37829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/349"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=37829"}],"version-history":[{"count":2,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/37829\/revisions"}],"predecessor-version":[{"id":38308,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/37829\/revisions\/38308"}],"wp:attachment"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