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Nio has announced leadership changes at its mass-market brand Onvo to tackle slow sales and enhance operational efficiency. Alan Ai Tiecheng has stepped down as president, with Fei Shen, previously head of Nio's energy business, appointed as his successor. The restructuring aims to improve sales performance and streamline operations, with a goal of achieving profitability by Q4 2025.
Fei Shen
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Nio restructures Onvo leadership to boost sales and operational efficiency
04:34 02.04.2025
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