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China grapples with auto IC shortage, fearing NEV impact

ABSTRACT

Like their counterparts worldwide, carmakers in China are struggling with the shortage of automotive-use semiconductors, and with the chip shortage expected to be prolonged, fears are growing that production delays could undermine the strength of the country’s burgeoning market for New Energy Vehicles (NEVs).
Chinese suppliers of automotive sheets are becoming jittery too, noting that steel-consuming sectors such as automobile manufacturing have recovered from the coronavirus blow but that semiconductor production has failed to keep pace. The sales and production of passenger cars in China during this year’s first quarter declined from that in Q1

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