News Snapshot:
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours' drive west of Shanghai, after temporarily halting operations due to the Covid outbreak. Nio said Saturday it had suspended production after Covid-related restrictions in Changchun, in north China, and Hebei, near Beijing, halted production at suppliers' factories. The company subsequently said it would raise prices for its...
