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Electric cars in China

Chinese EV maker Nio calls 5-day work halt over chip shortage

Lack of supplies pushes quarterly delivery forecast down to 19,500 cars

Nio CEO William Li, here unveiling a new sedan in Chengdu, China, on Jan. 9, said this month that 'the risk is still quite high' of further chip shortages.

HONG KONG -- Chinese electric vehicle startup Nio said it will suspend production at its main plant in Hefei Province for five working days due to a shortage in chip supplies.

"The overall supply constraint of semiconductors has impacted the company's production volume in March 2021," Nio said in a statement on Friday.

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