$NIO: NIO may need as much as $3 billion in fresh capital to survive | Dec 2019

1/ After a disastrous quarterly earnings report in September, $NIO saw its stock plummet amid fears of imminent bankruptcy. $NIOQ has managed to keep the lights on thanks to rounds of aggressive cost-cutting, including significant reductions in headcount.https://t.co/oPOLrEQf1y — Almington Capital Merchant Bankers (@AlmingtonCap) December 22, 2019

$NIO: Chinese EV startup NIO lays off 141 employees at its Silicon Valley office in third round of US cuts this year | Dec 2019

SCOOP: Chinese EV startup NIO lays off 141 employees @ its Silicon Valley office in third round of US cuts this year. Vehicle engineering / powertrain teams disbanded, but most cuts are to the AV team thx to “redundancies” from recent Mobileye partnershiphttps://t.co/7iGebMG4iq — Sean O'Kane (@sokane1) December 10, 2019