Tesla Rival Nio Suffers a Major Blow

Shanghai-based electric vehicle manufacturer Nio (NIO) – Get NIO Inc. (China) Report has taken another hit to its production goals as supply chain issues forced the company to suspend production at its Hefei, China, plant.

Nio announced on its mobile app on April 9 that it shuttered the plant after its suppliers in various cities shut down production because of a Covid outbreak lockdown in Shanghai, Reuters reported.

“Since March, due to reasons to do with the epidemic, the company̵[ads1]7;s supplier partners in several places including Jilin, Shanghai and Jiangsu suspended production one after the other and have yet to recover,” the company said on its mobile app.

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