sharon sanders
Editor-in-Chief & President
China’s Nio Delays Car Deliveries as Suppliers Face Covid Halts
April 9, 2022
Nio Inc. electric vehicles are rolled off the production line in Hefei, Anhui province, China.
Chinese EV automaker Nio Inc. said it halted car production and delayed deliveries as the coronavirus outbreak in China forced many of its suppliers to suspend manufacturing.
Deliveries will be delayed for a number of customers in the near term, a spokesperson at Shanghai-based Nio said. Several of the company’s suppliers remain offline, including those in Jilin and Shanghai, both of which are under lockdown as they battle the highly-infectious omicron variant, the company said.
The disruption is yet another instance of economic impact from the nation’s strict Covid-zero policy, which it’s sticking to despite daily case counts rising to almost 26,000 on Saturday.
more...
https://www.bloomberg.com/news/arti...ganic&utm_source=twitter&utm_content=business
April 9, 2022
Nio Inc. electric vehicles are rolled off the production line in Hefei, Anhui province, China.
Chinese EV automaker Nio Inc. said it halted car production and delayed deliveries as the coronavirus outbreak in China forced many of its suppliers to suspend manufacturing.
Deliveries will be delayed for a number of customers in the near term, a spokesperson at Shanghai-based Nio said. Several of the company’s suppliers remain offline, including those in Jilin and Shanghai, both of which are under lockdown as they battle the highly-infectious omicron variant, the company said.
The disruption is yet another instance of economic impact from the nation’s strict Covid-zero policy, which it’s sticking to despite daily case counts rising to almost 26,000 on Saturday.
more...
https://www.bloomberg.com/news/arti...ganic&utm_source=twitter&utm_content=business