Caught in capital crunch, the electric vehicle maker is working on going public on Chinese STAR Market for more fundraising.

Chinese electric carmaker NIO CEO William Li replied to the company’s layoff rumors, saying it needs to optimize management efficiency amid a broad slowdown in auto markets. NIO is going through what Tesla has been through.

NIO and Razer, widely known for its gaming laptops, have announced a cross-platform partnership

Under pressure of big financial losses, NIO has slashed 1,000 jobs globally since January this year.

NIO is seeking a deal with investors that would invest billions of yuan in its spin-off NIO Power. It highlighted the challenges of delivering EVs amid fierce competitions from local rivals like Xpeng Motors and WM Motor, and phasing-out subsidies in China.

The "elimination competition" of new energy automobile market has been officially kicked off. For NIO, success or death.

Zhuang Li joined NIO as Vice President of NIO software development (China) in July 2016, responsible for the Internet of Vehicles business, TSP (Telematics Service Provider) and so on.

Due to the recent battery accidents, NIO plans to recall batches of ES8 electric cars with potential battery problems.