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

Employees have tests at an inspection line all over a media tour of the Nio Inc. manufacturing facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020.

Qilai Shen | Bloomberg | Getty Photos

BEIJING — Chinese language electric automobile start-up Nio acknowledged Friday it’s shutting a factory for five days as a consequence of the world shortage in semiconductors.

The manufacturing quit foundation March 29 will carve Nio’s first-quarter deliveries by a minimal of 500 automobiles, the company acknowledged.

That places anticipated deliveries for the first three months of the year at 19,500, versus the beforehand presented forecast of 20,000 to 20,500.

Even with the reduction, Nio is heading within the correct direction for more automobile deliveries to start 2021 than competitors Xpeng and Li Auto.

International automakers occupy presented manufacturing halts as a consequence of a shortage in semiconductors. The extremely in truth expert present chain for chips has suffered from the affect of the coronavirus pandemic and commerce tensions between China and the U.S. that started below the Trump administration.