China has been struggling a bit in recent months with COVID-19 lockdowns, then COVID-19 outbreaks, and of course with a variety of economic slowdowns and supply chain disruptions due to both of those. Pick your
In the EV world, these problems have hurt Tesla, XPeng, and NIO, among others. But NIO’s founder, chairman, and CEO is now saying that things should start looking up by the spring. “I am very confident that in the near future, China supply chain and the auto industry will return to normal,” NIO leader William Li.
“My preliminary estimate, with the factor of the upcoming Lunar New Year, is I believe the overall supply chain should be stabilized by next March or April,” he added. But the question is: is this a trustworthy projection, or is it Li grasping at a bit of hope and trying to inject some more consumerism into the population? We’ll find out in a few months.
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