Nio, one of China’s leading electric vehicle (EV) makers, has announced its plan to reduce its workforce by 30 percent in the next six years as it ramps up its automation and artificial intelligence (AI) capabilities.
As SCMP reports, the Shanghai-based company, which competes with Tesla and other premium EV brands, said it had already trimmed 10 percent of its staff earlier this month to improve efficiency and competitiveness.
Increase automation in production
On Friday, Ji Huaqiang, Nio’s VP of manufacturing, logistics, and operations, revealed that the company plans to increase automation…
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News Source: interestingengineering.com