Close

Chinese EV Brand Nio Suspends Production Due to Global Chip Shortage

March 26, 2021 11:18 pm

Beijing (PingWest)—Chinese electric car maker Nio said on Friday that it will suspend production at its Hefei plant for five working days due to a shortage of semiconductor chips.

The suspension will begin on Monday, the company said, adding that it has also lowered its first-quarter delivery forecast to 19,500 vehicles, compared to the 20,000 to 20,500 vehicles it had previously expected.

That followed in Ford's footsteps, with the automaker announcing Thursday it will idle production of its popular F-150 pickup truck at a plant in Michigan through Sunday due to the chip shortage.

Honda and General Motors both announced this week they would continue production suspension at plants in North America for the coming weeks, citing the chip shortage as one of several reasons.