NIO retreats from UK as team is made redundant

The latest news from the world of EVs

Good morning, I’m Tom Riley and welcome back to The Fast Charge, a British EV newsletter.

In today’s edition… The Chinese EV car giant NIO last week made most of its UK team redundant, as the firm focuses on other locations before launching in Britain.

Elsewhere… Prices go up at Gridserve, Tesla releases its Cybertruck (though no UK launch confirmed) and Octopus EV secures £550 million.

Also, two quick parish updates. Firstly, it was tremendous to see my Tesla gigafactory story appear in Business Leader’s Off to Lunch email and also Manchester’s The Mill newsletter last week. Awesome.

Secondly, a quick heads up, next week’s newsletter might not be published at the normal Tuesday time - prepare for a day delay. In the interim… if you have any thoughts, feedback, or ideas, please do get in touch. To do so, simply reply to this email.

NIO retreats from the UK as its team is made redundant

Background: The Chinese EV manufacturer NIO, who first started ramping up its UK team in January this year…