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Employees perform checks on an inspection line during a media tour of Nio Inc.’s production plant in Hefei, Anhui province, China on Friday, December 4, 2020.
Qilai Shen | Bloomberg | Getty Images
BEIJING – Chinese electric car start-up Nio said on Friday it was shutting down a plant for five days due to the global semiconductor shortage.
Shutting down production on March 29 will cut Nio’s first-quarter deliveries by at least 500 vehicles, the company said.
This places the expected deliveries for the first three months of the year at 19,500, against the previously announced forecast of 20,000 to 20,500.
Even with the cut, Nio is on track for more car deliveries from 2021 than rivals Xpeng and Li Auto.
Global automakers have announced production shutdowns due to a semiconductor shortage. The highly specialized chip supply chain has suffered from the impact of the coronavirus pandemic and trade tensions between China and the United States that began under the Trump administration.
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