Chinese EV start-up Nio shuts factory for 5 days due to chip shortage

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

Qilai Shen | Bloomberg | Getty Visuals

BEIJING — Chinese electric motor vehicle start off-up Nio stated Friday it is shutting a manufacturing facility for 5 times because of to the world-wide shortage in semiconductors.

The creation halt starting March 29 will lessen Nio’s 1st-quarter deliveries by at the very least 500 cars, the corporation said.

That puts anticipated deliveries for the first a few months of the year at 19,500, vs . the formerly announced forecast of 20,000 to 20,500.

Even with the reduction, Nio is on monitor for far more car or truck deliveries to get started 2021 than rivals Xpeng and Li Auto.

World wide automakers have announced manufacturing halts because of to a scarcity in semiconductors. The extremely specialized supply chain for chips has endured from the effect of the coronavirus pandemic and trade tensions involving China and the U.S. that began below the Trump administration.