Chinese EV Maker NIO Concerned by Supply Chain Problems, Not EV Demand
While speaking during an interview before NIO’s secondary listing in Singapore, NIO CEO William Li said he was currently more concerned about supply chain stability rather than looking at demand for electric vehicles. The recent upward revision of EV prices by the company shows how much those supply chain issues are affecting company operations. In addition, the company had to temporarily halt its operations in April when COVID-19 containment measures in China made it impossible for the company to source the needed raw materials from some suppliers. These two examples illustrate how serious supply chain problems are, not only for…