Chinese electric car start-up Nio shuts factory for 5 days due to global chip shortage

Employees make checks at an inspection line throughout a media tour of the Nio Inc. manufacturing facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020.

Qilai Shen | Bloomberg | Getty Images

BEIJING — Chinese electric car start-up Nio stated Friday it’s shutting a factory for 5 days due to the global shortage in semiconductors.

The manufacturing halt starting March 29 will cut back Nio’s first-quarter deliveries by at the least 500 autos, the corporate stated.

That places anticipated deliveries for the primary three months of the yr at 19,500, versus the beforehand introduced forecast of 20,000 to 20,500.

Even with the discount, Nio is on monitor for extra car deliveries to begin 2021 than rivals Xpeng and Li Auto.

Global automakers have introduced manufacturing halts due to a shortage in semiconductors. The extremely specialised provide chain for chips has suffered from the influence of the coronavirus pandemic and commerce tensions between China and the U.S. that started below the Trump administration.

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