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Chip shortage still main challenge for automakers this year

According to the latest report, industry chain news shows that the global shortage of automotive chips that began at the beginning of last year will continue to be a major challenge for automakers this year.

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In addition, news from the industry chain also shows that the global automotive chip shortage has been exacerbated by some factors, the rise in crude oil prices and the rise in battery material prices have also brought variables to the development of global electric vehicles.

In the report, sources also mentioned that in the past few years, the global auto industry has been affected by multiple factors such as the epidemic and the shortage of chips. The sales of automobiles in the United States, an important global market, fell by nearly 15% in 2020.

Although global car sales rebounded last year, reaching 85 million units, under the influence of continued chip shortages and other new factors, it is difficult for global car sales to return to pre-pandemic levels.

Judging from the news released by automakers, the chip shortage that affected them last year is still affecting their production and sales this year. Earlier this week, Toyota announced on its official website that due to chip shortages, nine of its 14 factories in Japan will be shut down to varying degrees in May, involving 10 production lines.

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