$NIO Inc.(NIO)$ Nissan cutting

$NIO Inc.(NIO)$ Nissan cutting 11,000 jobs and shutting 7 factories shows how tough things are getting for legacy car makers—especially with the rise of Chinese EVs such as NIO.

This is a win for companies like Nio. Less competition from struggling old-school brands means more room for Nio to grow.

Looks like they’re on the right track. slowly but surely wins the race

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