July 1, 2022

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Tesla Rival Nio suffers a heavy blow

Shanghai-based electrical automobile maker Nio (NIO) – Get the report from NIO Inc. (China) took one other hit to its manufacturing targets as provide chain points pressured the corporate to droop manufacturing at its manufacturing unit in Hefei, China.

Nio introduced on its cell app on April 9 that it had closed the manufacturing unit after its suppliers in numerous cities halted manufacturing as a consequence of a Covid outbreak lockdown in Shanghai, Reuters reported.

“Since March, as a consequence of epidemic-related causes, the corporate’s provider companions in a number of areas, together with Jilin, Shanghai and Jiangsu, have suspended manufacturing one after one other and have but to get better,” he stated. stated the corporate on its cell app.