Nio, the Chinese electric car company, recently has hired a former Google and Microsoft employee to lead the company's software development unit.
Zhang Lei, formerly from Huami’s Silicon Valley office, is set to join Nio in September as its new Vice President, sources from both companies told 36Kr. The appointment was later confirmed by Nio CEO William Li. Huami produces the popular smart wearables, Mi bands, for China’s smartphone giant Xiaomi.
“Nio’s tech team now wants a person like him very badly to manage the business development and improve team’s morale,” Nio employee told 36Kr, referring to Zhang.
The EV maker has faced a series of setbacks recently. The company confirmed to KrASIA last week that it is letting more than 1,200 people go by the end of September, in a move to cut its headcount to about 7,500. The company said it needs to “further control spendings” and “improve operational efficiency” in a timely manner. About 1,000 staffers have been laid off since the beginning of this year.
The Shanghai-based company had a tough time in the past few months with disappointing financial and sales performances. It has recorded losses in three consecutive quarters since its initial public offering last year.
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