Nio Restructures Onvo and Firefly Brands in Cost-Cutting Drive

Nio Restructures Onvo and Firefly Brands in Cost-Cutting Drive

Nio has merged operations of its sub-brands Onvo and Firefly into core company departments as part of a broader effort to streamline operations and reduce costs, local media outlet 36kr reported on Friday. The restructuring focuses heavily on Onvo, whose product development, marketing, and user services are now integrated directly into Nio’s main organizational clusters. [...] The post Nio Restructures Onvo and Firefly Brands in Cost-Cutting Dri…

Nio Integrates Business Units of Sub-Brands Into Core Operations: Report

Chinese electric vehicle maker Nio is merging the business units of its two sub-brands Onvo and Firefly, integrating them into its core operations as part of an ongoing internal restructuring, local media outlet 36Kr reported on Friday.

Nio reportedly makes deeper integration of 3 brands to cut costs

The changes focus on Onvo, which remains a sub-brand but will operate as a first-tier division of Nio. For details, please visit CnEVPost.