Hoping to capture market share, Chinese electric car company promotes technology application

Chinese luxury electric carmaker Nio has just announced plans to cut up to 30% of its workforce by 2027, focusing on replacing labor with robots and applying artificial intelligence (AI) technology.

The decision is part of the company’s strategy to improve efficiency and competitiveness in the fierce global electric vehicle market. Notably, in early November 2023, Nio laid off 10% of its workforce.

Robotic and AI systems have been widely applied in the manufacturing process.

According to a company spokesperson, Nio affirms its determination to pursue a strategy of minimizing human dependence in the production process.

By 2025, 80% of Nio's production decisions are expected to be made by AI, cutting leadership staff by up to 50%.

To achieve the set goal, Nio will actively apply industrial robot systems, aiming to reduce the number of workers on each production line by 30% in the period from 2025-2027.

By the end of 2022, Nio's total workforce will be around 7,000.

While the exact stages of the transition are yet to be clearly defined, Nio has indicated its hopes of fully automating manufacturing processes.

Upcoming production plans at Nio's factory show that China's electric car manufacturing industry is poised to reach one of the highest levels of automation in the world.

Despite not making a profit since its founding in 2014, Nio continues to compete fiercely in the world's top electric car market.

The company is seen as the embodiment of the powerful rise of China's electric car industry, a threat that traditional carmakers in Europe and the US are increasingly wary of.

Nio and other companies in China's booming electric car industry have huge government backing to keep them afloat and grow at a loss.

In addition to foreign companies, Nio is also facing new challenges from Xiaomi and Baidu - domestic smart car makers that are also receiving significant support from the government.

In 2023, Nio increased its vehicle production by 36.3% to 126,067 vehicles. In a new Nio factory, 756 robots are equipped to fully automate one of the production processes, aiming to create the world's smartest factory.

Experts say that in China, competition is so fierce that each car company is forced to continuously develop new technology.

It is predicted that by the end of this decade, Chinese car manufacturers will account for one-third of the global auto market.

(according to Securitylab)

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