Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories.
Long Wei | Visual China Group | Getty Images
The company’s Hong Kong-listed shares fell nearly 9% in Monday morning trading.
Nio announced Sunday it would raise the prices for its three SUVs — the ES8, ES6 and EC6 — by 10,000 yuan ($1,572), effective May 10. Prices for the recently launched ET7 and ET5 sedans would remain the same.
Raw material prices, particularly those for…