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Nio at an Auto Show. Credit: Ifeng
GIC, the Singaporean sovereign wealth fund, which is the world’s sixth-largest sovereign wealth fund, has filed a lawsuit against Chinese electric vehicle manufacturer Nio and its executives in a US court.
The company’s co-founder and president Qin Lihong confirmed the hiring spree in a new interview, according to local media outlet National Business Daily.
“There is such a thing, and the company’s production capacity is ramping up,” Qin said when asked about large-scale recruitment at the plant.
A screenshot circulating on Chinese social media this week showed a WeChat group message from a human resources staff member at the factory, stating:
“Nio is crazy about ensuring supply and is currently competing with big companies like Apple for talent,” and that “the office is too crowded, and interviews have to be conducted in the canteen.”
Goldman Sachs raised its price target on Nio shares Thursday by nearly 63%, citing improved sales momentum and an expanded model lineup through 2026, though the bank maintained its Neutral rating.
Hou raised sales volume estimates for 2026 through 2030 by 6% to 11%, pointing to stronger model competitiveness from recent launches.