The Tesla rival NIO will lay off just over 20% of its workers after reporting another big loss (NIO)

The Tesla rival NIO will lay off just over 20% of its workers after reporting another big loss (NIO)

The Chinese electric-vehicle startup NIO will lay off just over 20% of its workforce, the company said on Tuesday. The announcement came in the company’s second-quarter earnings release, in which it reported a net loss of $478.6 million on revenue of $219.…
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