 "Nio, electric car, electric vehicles, china")
Chinese electric vehicle maker Nio Inc on Friday became the latest automaker to temporarily suspend production because of a global semiconductor chip shortage that has shut down plants and resulted in major losses for the sector.
Top automakers such as Ford, Honda, GM and Volkswagen were caught off guard by the shortage even as auto demand picked up during the Covid-19 pandemic, forcing many of them to hold back production.
The chip scarcity is also a result of an increased demand from the consumer electronics industry as people worked from home and played more video games during the health crisis.
Nio,
