Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts 'intense competition' (www.cnbc.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[-] RedditRefugee69@lemmy.world 0 points 11 months ago

Tesla rival o Tesla copy?

[-] tony@lemmy.hoyle.me.uk 11 points 11 months ago

They're more a BYD rival, being chinese.

[-] casmael@lemm.ee 4 points 11 months ago

Quite a few BYD buses in London now tbh, they’re annoyingly good.

[-] snowe@programming.dev 1 points 11 months ago

In what way?

[-] RedditRefugee69@lemmy.world 1 points 11 months ago

It’s just kinda Chinese standard since PRC

[-] snowe@programming.dev 1 points 11 months ago

But like, what are they copying here?

[-] RedditRefugee69@lemmy.world 0 points 11 months ago

Just sayin… they have a very strong trend

this post was submitted on 06 Nov 2023

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