Nezha Auto lays off 400 employees in Thailand to cope with market changes

According to foreign media reports, Chinese electric car manufacturer Nezha Auto plans to lay off 400 employees at its Thai factory. The layoffs will affect employees of Nezha Auto (Thailand) and its partner BGAC's factory in Minburi District, Bangkok. Nezha Auto said that this is a necessary decision to cope with the current market environment and financial difficulties. They hope to optimize the operating structure, reduce costs, improve competitiveness and achieve sustainable development through these measures.