Nio, a China-based electric automaker, said it plans to cut thousands of jobs over the next few months in an effort to control costs.
Shares of Nio, an electric carmaker that's often referred to as the"Tesla of China," saw its two-day loss extend as far as 30% after reporting a bigger-than-expected loss for the second quarter. Nio's losses amounted to more than $478 million, exceeding the $365 million loss expected by analysts surveyed by Bloomberg. The carmaker also said it plans to cut thousands of jobs.
Shares of Nio, an electric carmaker that's often referred to as the"Tesla of China," saw its two-day loss extend as far as 30% after reporting a bigger-than-expected loss for the second quarter. Nio's losses amounted to more than $478 million, exceeding the $365 million loss expected by analysts surveyed by Bloomberg. The carmaker also said it plans to cut thousands of jobs.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US universities see decline in students from ChinaBURLINGTON, Vt. (AP) — After a decade of booming enrollment by students from China, American universities are starting to see steep declines as political tensions between the two countries cut...
Baca lebih lajut »
China buys about 10 cargoes of U.S. soybeans after trade talksChinese importers bought about 10 boatloads of U.S. soybeans on Monday following...
Baca lebih lajut »
What to watch today: Dow to rise, China grants new waivers, and Trump to address UNU.S. stock futures are pointing to a higher open, following a Monday session in which the major averages barely moved.
Baca lebih lajut »
Tiffany & Co. Courts Millennials in China With Massive, and Strategic, Exhibition'Vision & Virtuosity' details the company's 180-year history, including an homage to 'Breakfast at Tiffany's' and the famous yellow diamond worn by Lady Gaga.
Baca lebih lajut »
Box Office: 'Once Upon a Time in Hollywood' Lands China Release DateThe Leonardo DiCaprio and Brad Pitt-starring awards season favorite will be Tarantino's first proper release in the Middle Kingdom, which could help push the film's worldwide box office clear past $400 million.
Baca lebih lajut »
Quentin Tarantino’s ‘Once Upon a Time in Hollywood’ Gets Oct. 25 China ReleaseQuentin Tarantino’s “Once Upon a Time in Hollywood” is scheduled for a China release on Oct. 25, three months after its U.S. debut. The mainland opening will hit after the country…
Baca lebih lajut »