Tuesday 23 Apr 2024
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KUALA LUMPUR (April 10): Chinese electric vehicle (EV) maker Nio has suspended vehicle production due to the halted supply chain in different cities brought by the epidemic.

Citing a notice by the carmaker on Saturday (April 9), Global Times (GT) reported that since March, due to the epidemic, the company's supplier partners in several cities including Jilin, Shanghai and Jiangsu suspended production one after the other and have yet to recover.

The company will postpone deliveries of the EVs to customers and will work together with the suppliers to strive for resumption and delivery as soon as possible, it said.

GT quoted an analyst as saying that the major reason is that Nio's factories, test sites, and interactive centers are all in Shanghai.

As the city is taking swift actions to contain the virus spread in the shortest possible time, almost every link of Nio's supply chain has been impacted.

The report said Nio delivered 25,768 vehicles in the first three months of this year, up 29 percent year-on-year, according to industry data.

Industry data show that Shanghai is home to the country's greatest number of EV-related companies, totaling 18,200.

 

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