Nio pledges to cut costs as net losses widen

Nio’s losses were driven by hefty investments into new sub-brands Onvo and Firefly, as well as its battery swapping venture. By Stewart Burnett The post Nio pledges to cut costs as net losses widen appeared first on Automotive World.

Mar 24, 2025 - 09:22
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Nio pledges to cut costs as net losses widen

Nio’s losses were driven by hefty investments into new sub-brands Onvo and Firefly, as well as its battery swapping venture. By Stewart Burnett

The post Nio pledges to cut costs as net losses widen appeared first on Automotive World.