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Nio Stock Forecast: NIO ends session up 5.65% after initiating layoffs

https://www.fxstreet.com/news/nio-stock-forecast-nio-gains-despite-announcing-10-cut-to-workforce-202311031712
Nio (NIO) stock has gained as much as 5% on Friday morning after reporting that increased competition in the Chinese electric vehicle (EV) market had forced the Shanghai-based company to lay off 10% of its workforce and trim some of its investments…

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