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William Li Bin

Beijing Auto Show: Nio unveils luxury car, 2024 ET 7, as China’s EV price war heats up

Chinese electric vehicle (EV) maker Nio on Thursday launched a new edition of its upscale smart car, Nio 2024 ET 7, hoping to lure high-end consumers amid an escalating price …

Chinese electric carmaker Nio lays off 10 per cent of workforce amid fierce competition in world’s largest EV market

by Anas Siddiqui

The move was announced on Friday by William Li Bin, founder, chairman and chief executive of Nio, who described the lay-offs as “a tough but necessary decision” amid fierce competition …