Employees perform checks on an inspection line during a media tour of Nio Inc.’s production facility in Hefei, Anhui province, China, on Friday, December 4, 2020.
Qilai Shen | Bloomberg | Getty Images
BEIJING – Chinese electric car startup Nio said on Friday it would shut down a factory for five days due to the global semiconductor shortages.
The interruption of production from March 29 will reduce Nio’s first quarter deliveries by at least 500 vehicles, the company said.
This puts deliveries expected 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 reduction, Nio is on track for more car deliveries starting in 2021 than rivals Xpeng and Li Auto.
Global automakers have announced production stops due to a shortage of semiconductors. The highly specialized chip supply chain has suffered from the impact of the coronavirus pandemic and trade tensions between China and the U.S., which began under Trump’s government.