Gasgoo Daily: NIO to cut workforce by 10%

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

NIO to cut workforce by 10%

NIO's Chairman and CEO, William Bin Li, issued a company-wide internal letter to employees today, confirming a reduction of approximately 10% of the workforce, with specific adjustments to be finalized in November. In the letter, Li emphasized the company's commitment to ensuring long-term investment in core critical technologies, maintaining a leading edge in technology and product development, bolstering sales and service capabilities to thrive in a fiercely competitive market, and ensuring the on-time launch of nine core products under three brands. To achieve these goals, the company plans to consolidate redundant departments and roles, streamline inefficient internal workflows, and eliminate less efficient positions. Resources will be reallocated, and investments in projects that do not contribute to the company's financial performance within the next three years will be postponed or reduced.

NIO's Nanxiang Delivery Center; photo credit: NIO

Venucia V-Online's hydrogen-powered version makes debut

On November 3, Venucia, the automotive brand under Dongfeng Nissan, officially unveiled the hydrogen fuel cell version of its compact SUV, the Venucia V-Online. Priced at 998,000 yuan, the FCV model is set to be put into demonstration operations in Guangzhou by year-end.

Chery Auto plans to build factory in Vietnam in partnership with Geleximco

Chinese automaker Chery Auto has signed an investment agreement with Geleximco Group to establish a joint-venture factory in Vietnam, with a total investment of $800 million, according to an announcement on the news website of Vietnam's Thai Binh provincial government. The factory will have the capacity to produce up to 200,000 vehicles annually. According to the announcement, Chery Auto aims to manufacture vehicles under its Omoda and Jaecoo brands in the northern province of Vietnam.

ZongMu Technology's Amphiman3000 gains massive production deal with Changan Automobile

On November 3, ZongMu Technology, a Chinese autonomous driving solution provider, announced that its Amphiman3000 pilot & parking integrated product has secured a production deal exceeding one million sets over the entire lifecycle for multiple Changan Automobile models.

Geely Auto Group's new energy vehicle sales double YoY in October 2023

Geely Auto Group announced on Thursday that its total sales volume reached 180,706 units in October 2023, representing a year-on-year growth of about 19% and a month-on-month increase of over 6%.

Guizhou province aims to have 700,000 NEVs on roads by 2026

In a recent industrial summit, Mr. Ao Hong, the Director of the Guizhou Provincial Industry and Information Technology Department, unveiled an ambitious plan for the development of new energy vehicles (NEVs) in the province. Guizhou province aspires to have 700,000 NEVs on its roads by 2026, accounting for 40% of all new vehicle sales.

Tesla Gigafactory Shanghai delivers 72,115 vehicles in Oct. 2023

According to data from the China Passenger Car Association (“CPCA”), Tesla's Gigafactory Shanghai is expected to deliver 72,115 electric vehicles in October. This substantial number pushes the cumulative delivery count for the Jan.-Oct. 2023 to approximately 771,000 vehicles, surpassing the whole-year volume of 2022.

Hesai Technology to supply Leapmotor with AT128 LiDAR AT128

On November 13, Chinese LiDAR manufacturer Hesai Technology ("Hesai") officially announced its designated collaboration with Leapmotor, a Chinese new energy vehicle maker, in an OEM-installed project. Through the collaboration, Leapmotor upcoming mass-produced passenger vehicle will feature the cutting-edge AT128 ultra-high-resolution long-range LiDAR from Hesai.

CARIAD China, vivo co-build 'Mobile x Mobility Fusion Joint Innovative Lab’

On November 3, 2023, Volkswagen Group's software subsidiary CARIAD in China (CARIAD China), in a joint effort with the Chinese smartphone manufacturer vivo, has officially established the "Mobile x Mobility Fusion Joint Innovative Lab."

Chery Holding's October sales surpass 200,000-unit mark

Chinese automaker Chery Holding posted record-breaking monthly sales for October 2023 with a total of 200,313 vehicles sold during the month, marking a 50.8% year-on-year leap.

DeepWay's autonomous new energy truck tested in Tianjin's intelligent road network

Tianjin's Xiqing District and the Dongjiang Free Trade Zone, among other regions, recently hosted an event to unveil their intelligent connected vehicle testing road network. This marked the full-scale opening of intelligent testing roads covering approximately 800 kilometers in Tianjin.

SENIOR granted commercial vehicle autonomous driving road test license in Tianjin

Tianjin's high-level autonomous driving demonstration area recently issued a new batch of road-testing licenses for intelligent connected vehicles, which granted autonomous driving solution developer SENIOR the approval for public road testing in the Tianjin region.