News Snapshot:
3 Views 0 A Nio Inc. ES6 electric SUV at a battery swap station inside a parking lot in Shanghai on March 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Nio said Tuesday a global chip shortage will force it to manufacture fewer cars in the second quarter. High demand for electronics amid the coronavirus pandemic and pressure from U.S.-China trade tensions on the highly specialized semiconductor supply chain have contributed to a backlog in chip manufacturing. Major automakers have had to cut production as a result, with China-based Nio the latest to...
