Employees perform inspections on an inspection line during a media tour of Nio Inc.’s production facility. in Hefei, Anhui Province, China, on Friday, December 4, 2020.
Qilai Shen | Bloomberg | Getty images
BEIJING – Chinese electric car start-up Nio said on Friday that it is closing a factory for five days due to the global shortage of semiconductors.
The production shutdown starting on March 29 will reduce Nio’s deliveries by at least 500 vehicles in the first quarter, the company said.
That brings the projected deliveries for the first three months of the year to 19,500, up from the previously announced forecast of 20,000 to 20,500.
Even with the cut, Nio is on track for more car deliveries from 2021 than rivals Xpeng and Li Auto.
Global automakers have announced production shutdowns due to a shortage of semiconductors. The highly specialized chip supply chain has suffered from the effects of the coronavirus pandemic and the trade tensions between China and the US that started under the Trump administration.