Chinese electric vehicle maker NIO Inc (NYSE:NIO) announced it will stop production and hike car prices over the current Covid wave in the country and supply chain constraints. Halting ProductionAs reported by CNBC, NIO’s shares listed in Hong Kong dropped by almost 9% upon the Sunday announcement, while the price increase is bound to dent consumer adoption in key markets. Q4 2021 hedge fund letters, conferences and more Three SUV models by the Chinese firm will be subjected to a $1,572 increase, the ES8, ES6, and EC6 as of May 10. However, NIO will not raise the price of the ET7 and ET5 sedan…