As we all know, the production reduction caused by chip shortage has become a huge problem facing the automotive market. Recently, we learned that according to the latest report released by autoforecast solutions, as of August 15, 2021, the chip shortage has reduced the cumulative production of 5.96 million vehicles in the global automotive market, which is still rising. According to autoforecast solutions, In the future, the production reduction of vehicles due to chip shortage will reach more than 7.1 million.
Before last week, the number remained at 5.853 million. In the past week alone, the number rose again by 107000. It can be seen that the shortage of chips has had a huge impact on the automobile market. According to the data, the North American market and the European market are the most seriously affected. The expected production reduction in the future may exceed 2.2 million, while the expected production reduction in the domestic market is also shocking.
Under the influence of the epidemic, many semiconductor chip suppliers were forced to close some production lines. This situation has had a chain reaction in the automotive market. Automobile brands such as Volkswagen, Toyota and general motors have suspended the production and manufacturing of some overseas factories.
