Nio stock falls as halt in electric vehicle production hits outlook
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Nio (NIO) will halt EV manufacturing at a factory in China for five days, after warning earlier that the global semiconductor shortage will slow production. Nio stock fell. In addition to
the temporary suspension, the Chinese Tesla (TSLA) rival disclosed that first-quarter EV sales will fall short. In Q1, Nio now expects to deliver roughly 19,500 units of its premium…