On February 20th, NIO, via its official account "NIO Loudspeaker," dismissed an online rumor claiming "a luxury automaker is laying off 50% of its staff," deeming it "utterly absurd." Following confirmation with the company's HR head, NIO stressed that the rumor was false and that its legal department had promptly reported it to the police. This is not the first time NIO has faced such rumors. In November 2024, online speculations emerged that BYD would form a joint venture with NIO and acquire it, but both companies swiftly denied these claims.
