Chinese electric car company Nio hikes prices, suspends production


Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers' factories. BEIJING — Chinese electric car company Nio said over the weekend it is raising prices and suspending production as the latest Covid wave added to supply chain challenges. The company's Hong Kong-listed shares fell nearly 9% in Monday morning trading. ...

Read Complete Article

Post a Comment

Previous Post Next Post