Hyundai Motor to suspend some South Korea output due to chip shortage

South Korea’s Hyundai Motor announced temporarily suspending production at one plant from April 7 to 14 due to chip and component supply issues.

The South Korean automaker shared the issues involve front view camera systems for Kona sport utility vehicles and power electric modules for the Ioniq 5. The factory produces 311,000 vehicles annually.

Hyundai was until recently one of the automakers least affected by the chip shortage, largely because it maintained a large stockpile of chips unlike its global peers, Reuters reported last month.

Last week, Honda and General Motors both announced that they would continue production suspensions at plants in North America for the coming weeks, citing the chip shortage as one of several reasons.

Factors including factory shutdowns, booming demand for laptops and tablets caused the shortage of chips in December, affecting a range of consumer electronics, including smartphones.

Source: https://news.cgtn.com/news/2021-03-30/Hyundai-Motor-to-suspend-some-South-Korea-output-due-to-chip-shortage-Z3wXwyz9NS/index.html

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