March 26 (Reuters) - Chinese electric vehicle $(EV)$ maker Nio Inc said on Friday it would halt production for five working days at its Hefei plant, due to a shortage in semiconductor chips.
Nio said it planned to suspend production from Monday. It also cut its first quarter delivery forecast to around 19,500 vehicles, compared to the 20,000 to 20,500 vehicles it had previously expected.
(Reporting by Sarah Morland in Gdansk; Editing by Toby Chopra)
((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments