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Thursday, April 14, 2022 12:53:24 PM
By: Michael Elkins | April 14, 2022
Nio Inc. (NYSE:NIO) announced Thursday that the company would be resuming production at its facility west of Shanghai following a temporary halt due to supply chain issues related to a Covid outbreak. Nio had suspended operations Saturday after Covid restrictions in Changchun and Hebei halted production at suppliers' factories.
Now that supply chain issues have begun to recover, the production base is gradually resuming. Vehicle production at NIO has been down for less than one week. Production at the Tesla (NASDAQ:TSLA) manufacturing plant in Shanghai, for comparison, has been offline since late March.
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