China ’s electric car startup Nio will exclude down for five days due to the global semiconductor shortage , the company announced on Friday in apress release . The five mean solar day shutdown will start on Monday and will entail the company raise slightly fewer cars this year than it had planned .

“ The overall supplying restraint of semiconductors has impacted the companionship ’s yield volume in March 2021 , ” Nio said in a statement . “ The Company ask to fork over approximately 19,500 vehicles in the first quarter of 2021 , adjusted from antecedently released outlook of 20,000 to 20,500 vehicle . ”

Nio makes several dissimilar fashion model , including a seven - seater electric SUV , a two - seater sports cable car , and has design to produce a minivan in 2022 . But Nio is n’t the only car caller around the world feeling the catch from the computer chip shortage . CNBC estimates the global machine industry as a whole will lose as much as$60 billionfrom the deficiency of chips this year as it ripplesaround the world .

Visitors look at vehicles at the NIO flagship store in Beijing on Thursday, Aug. 20, 2020.

Visitors look at vehicles at the NIO flagship store in Beijing on Thursday, Aug. 20, 2020.Photo: Ng Han Guan (AP)

https://gizmodo.com/chip-makers-warn-of-continued-gadget-shortages-through-1846197483

Nio , headquartered in Shanghai , was founded in 2014 and has incur billions from Formosan investor seem to capitalise on the electric vehicle market . The Chinese government activity has also adorn heavily in electric vehicles by hard subsidizing the manufacture . It ’s unclear how the global chip shortage will impact Nio ’s design to blow up into western countries in the coming years .

China is the largest EV market in the world , though Norway outpace China in EV sale as a share of the country ’s total car market . An gauge 1.3 million electric vehicle were sold in China last year , representing around 40 % of all EVs sell around the humankind , accord to research byCanalys . The U.S. marketplace stand for just 2.4 % of all EV sales in 2020 .

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