Chinese EV maker Nio says it's gradually resuming production after Covid halt

Chinese EV maker Nio says it’s gradually resuming production after Covid halt

BEIJING — Chinese electrical automobile firm Nio mentioned Thursday it’s gradually resuming production at a facility a number of hours’ drive west of Shanghai, after briefly halting operations because of the Covid outbreak.

Nio mentioned Saturday it had suspended production after Covid-related restrictions in Changchun, in north China, and Hebei, close to Beijing, halted production at suppliers’ factories. The firm subsequently mentioned it could elevate costs for its SUVs in Could as a result of excessive uncooked supplies costs.

Now, the provide chain points have recovered barely, the corporate mentioned, and the Hefei production base is gradually resuming production. It famous that future production 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 mentioned Thursday its factories in Changchun and Shanghai remained closed.

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