In February 2020, Nio received a lifeline of financing assist led by the federal government of Hefei metropolis, the place the electrical automobile start-up has established its China headquarters.
Qilai Shen | Bloomberg | Getty Photos
BEIJING — Chinese language electrical automobile firm Nio stated Thursday it’s progressively resuming manufacturing at a facility a number of hours’ drive west of Shanghai, after briefly halting operations because of the Covid outbreak.
Nio stated Saturday it had suspended production after Covid-related restrictions in Changchun, in north China, and Hebei, close to Beijing, halted manufacturing at suppliers’ factories. The firm subsequently stated it could elevate costs for its SUVs in Could resulting from excessive uncooked supplies costs.
Now, the provide chain points have recovered barely, the corporate stated, and the Hefei manufacturing base is progressively resuming manufacturing. It famous that future manufacturing plans nonetheless rely on the restoration of its provide chain.
Mainland China’s worst Covid outbreak within the final a number of weeks has prompted journey restrictions and lockdowns from the japanese metropolis of Shanghai to the northern province of Jilin, the place the capital Changchun is house to auto factories.
German automaker Volkswagen stated Thursday its factories in Changchun and Shanghai remained closed.
