Nio falls as Chinese EV maker says chip shortage will dent second-quarter production


Source: businessinsider.com businessinsider.com

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Carla Mozée Mar. 2, 2021, 05:30 PM This photo taken on January 9, 2021 shows the NIO ET7, the flagship sedan for the Chinese electric car manufacturer, during its launch ceremony in Chengdu, in China's southwest Sichuan province. (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty Images) (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty Images) Nio stock fell by nearly 10% Tuesday after the electric car maker said it expects to produce 7,500 units per month in the second quarter. Nio said it had been able in January to...