China EV Maker Nio Suspends Production Due to Supply Chain Disruptions

Nio's new electric vehicle (EV) ET7 is unveiled during the media day for Shanghai auto show in Shanghai, China April 16, 2019. (Reuters)
Nio's new electric vehicle (EV) ET7 is unveiled during the media day for Shanghai auto show in Shanghai, China April 16, 2019. (Reuters)
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China EV Maker Nio Suspends Production Due to Supply Chain Disruptions

Nio's new electric vehicle (EV) ET7 is unveiled during the media day for Shanghai auto show in Shanghai, China April 16, 2019. (Reuters)
Nio's new electric vehicle (EV) ET7 is unveiled during the media day for Shanghai auto show in Shanghai, China April 16, 2019. (Reuters)

Chinese electric vehicle (EV) maker Nio said on Saturday it has suspended production after the country's measures to contain the recent surge of COVID-19 cases disrupted operations at its suppliers.

"Since March, due to reasons to do with the epidemic, the company's supplier partners in several places including Jilin, Shanghai and Jiangsu suspended production one after the other and have yet to recover," the company said on its mobile app.

"Due to the impact of this Nio has had to halt car production."

The company will postpone deliveries of the EVs to users and will work together with the suppliers to strive for resumption while meeting the government's COVID curbs, it added.

China has been taking strict lockdown measures to contain the spread of the highly contagious Omicron variant in several places including Jilin province and Shanghai where plants of major auto part makers and automakers are located.

Tesla has also suspended production at its Shanghai plant since March 28, Reuters reported, after the city started a two-staged lockdown which was later expanded citywide.

Volkswagen's joint venture plant with FAW Group in Changchun, the provincial capital of Jilin, has been shut since mid-March, while its plant in Shanghai with SAIC Motor has been closed since April 1.



Japan’s Antitrust Watchdog to Find Google Violated Law in Search Case, Nikkei Reports

The logo of Google LLC is shown at an entrance to one of their buildings in San Diego, California, US, October 9, 2024. (Reuters)
The logo of Google LLC is shown at an entrance to one of their buildings in San Diego, California, US, October 9, 2024. (Reuters)
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Japan’s Antitrust Watchdog to Find Google Violated Law in Search Case, Nikkei Reports

The logo of Google LLC is shown at an entrance to one of their buildings in San Diego, California, US, October 9, 2024. (Reuters)
The logo of Google LLC is shown at an entrance to one of their buildings in San Diego, California, US, October 9, 2024. (Reuters)

Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, Nikkei Asia reported on Sunday, citing sources.

The Japan Fair Trade Commission (JFTC) will soon issue a cease and desist order asking Google to halt its monopolistic practices, the report added.

Google did not immediately respond to a request for comment while the JFTC could not be reached for comment.

The Japanese competition watchdog started investigating Google for a possible breach of antimonopoly laws in web search services last October, following similar steps by authorities in Europe and other major economies.

Chrome is the world's most widely used web browser and is a pillar of Google's business, providing user information that helps the company target ads more effectively and profitably.

Last month, the US Department of Justice argued ahead of a judge that Alphabet owned Google must divest its Chrome browser and should not be allowed to re-enter the browser market for five years in an effort to end Google's search monopoly.