Employees perform checks at an inspection line during a media tour of the Nio Inc. production unit. from Hefei, Anhui Province, China, Friday, December 4, 2020.
Qilai Shen | Bloomberg | Getty Images
BEIJING – Nio launched a Chinese electric car, Nio, said on Friday that it was closing a factory for five days due to global shortage of semiconductors.
Stopping production on March 29 will reduce Nio deliveries in the first quarter by at least 500 vehicles, the company said.
This places the deliveries expected for the first three months of the year at 19,500, compared to the previously announced forecast of 20,000 to 20,500.
Even with the discount, Nio is on the right track for car deliveries starting in 2021 than rivals Xpeng and Li Auto.
World carmakers have announced production shutdowns 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 United States that began under the Trump administration.