Nio fires all employees in Denmark after Tesla takes record market share

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Nio, a Chinese automaker, is facing the repercussions of its lackluster performance in the Danish market. With only around 60 cars registered after a year and a half, the company has made the decision to lay off the majority of its employees in Denmark. Consequently, the Danish workforce has been reduced to a mere handful of staff, who will now be overseen from Nio’s headquarters in Sweden.

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