Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Can Music Streamers Help Users’ Depression?
Core Parts of China’s Beidou Satellite System ‘100% Made in China’
Trending in China: Xiaomi CEO’s Shows How Best To Harness China’s Social Media Humor for Serious Business
Apple Takes Down Over 30,000 Apps from China Store Amid Government Crackdown
Chinese Chipmaker SMIC to Establish Joint Venture for Wafer Production
Microsoft Said Plan to Acquire TikTok Will Continue
Uber Abandons Plan to Move Regional Headquarters to Hong Kong
Trending in China: Undergraduate Degree in Housekeeping — Valuable Asset or Waste of Resources?
Huawei and Apple Shine in China’s Smartphone Market During Second Quarter
Video Streamer iQiyi Eyeing Southeast Asian, Middle East Expansion, Executive Says
Lawson Expands in China With Prefab Convenience Stores
TikTok Undergoing U.S. Investment Review, Treasury Secretary Says
Chinese Community E-commerce Firm Nice Tuan Nets $80 Million in Third Funding in 2020
Trending in China: Shanghai Film Festival Rekindles Childhood Memories with Outdoor Screenings
China’s EHang Gets Green Light to Test Self-Flying Vehicles in Quebec
Trending in China: Pop Star Jay Chou’s Livestream Signals Kuaishou’s Increasing Partnership with Celebrities
Tencent to Pick Up Stake in Shanghai-listed Weaver Network for $110 Million
U.S. Senators Worry TikTok Could Be Used to Interfere in Elections
Tesla Launches Hiring Spree in China as It Prepares for Shanghai Production of Model Y
ByteDance AI Lab Head to Leave as TikTok Faces Global Headwinds
Electric Car Maker Nio Cuts 141 Jobs at North American Headquarters

By Ding Yi / Dec 12, 2019 11:24 AM / Business & Tech

Photo: VCG

Photo: VCG

Cash-strapped Chinese electric vehicle startup Nio will lay off 141 employees at its North American headquarters in San Jose, according to a jobs report published this week by the Employment Development Department of California.

The cuts, which will take effect in February next year, follow a previous round of layoffs in April, when Nio sacked 50 employees at its San Jose offices and a further 20 workers at its San Francisco site.

Many of the new layoffs will hit workers in Nio’s self-driving automobiles department, JoAnn Yamani, communications director of Nio North America, said in an interview with the Silicon Valley Business Journal. The cuts are part of a “workforce restructuring effort” related to a recently established partnership with Intel’s self-driving car unit, Mobileye, which will see Nio engineer and produce a Mobileye-designed autonomous driving system, Yamani added.

Tencent-backed Nio was once hailed as China’s answer to the U.S. electric-vehicle giant Tesla, but the company’s fortunes have sputtered in recent months. Nio posted lukewarm sales growth in November, delivering a total of 2,528 vehicles, only two cars more than in October, when sales grew by 25% month-on-month. The company delivered 3,089 vehicles in November last year, soon after it launched its flagship SUV, the ES8.

Contact reporter Ding Yi (

Related: China Car Market Heads for Unprecedented Second Annual Drop

Share this article
Open WeChat and scan the QR code