Several Hyundai plants worldwide shut down due to semiconductor shortage
Release time:
2021-06-22 16:09
Source:
Hyundai Motor said in a statement, "Hyundai Motor Company's plant in Alabama will suspend operations for five days from June 14, but this decision will only affect Hyundai's car assembly line." The assembly line that makes car engines at Hyundai's sister company Kia's plant in Georgia, USA, will continue to operate. During the shutdown, Hyundai will carry out plant maintenance and is expected to resume full production from June 21.
Since the end of 2020, the "chip shortage" has forced many car companies around the world to choose to cut production or stop production. According to incomplete statistics, some factories of Volkswagen, Toyota, GM, Ford, BMW, Jaguar Land Rover, Subaru and other car companies have been shut down.
According to the latest data released by overseas institutions, due to the continuous impact of chip shortage, the cumulative number of global car production has reached 2.99 million. At the same time, overseas institutions also predict that the chip problem will continue to ferment, which may eventually cause the global car shutdown to reach 4.09 million.
The "chip shortage" on the domestic market has also had a greater impact, in May 2021, the auto market production and sales were completed 2.04 million and 2.128 million vehicles, down 8.7 percent and 5.5 percent, respectively, down 6.8 percent and 3.1 percent year-on-year. Shi Jianhua, deputy secretary-general of the China Association of Automobile Manufacturers, said that the biggest problem with the decline in sales this month was the chip problem, and I believe the June data will not be too optimistic. The chip shortage problem still has a very large impact on the sales volume in the second quarter. There will be some relief at the end of the third quarter, and the supply will not be restored until the fourth quarter.
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