The situation in Russia and Ukraine has exacerbated the "chip shortage"! Many global automobile companies have temporarily stopped production

The escalation of the situation between Russia and Ukraine has exacerbated tensions in the global supply chain. The global automobile manufacturing industry has also been affected by the situation between Russia and Ukraine. According to foreign media reports, since the outbreak of the Russia-Ukraine conflict, many automobile manufacturers around the world have announced temporary suspension of production.

It is understood that the automobile companies affected include Volkswagen, BMW, Renault, etc. Among them, Porsche, a subsidiary of the German Volkswagen Group, has stopped production at its factory in Leipzig, Germany, since the afternoon of the 2nd, and more than 2,000 employees are currently on standby.

The BMW Group's car production plants have also been temporarily halted due to limited supply of raw materials, and production at its factories in Germany and other parts of Europe has also been affected.

Since Russia and Ukraine are the world's producers of many important metals such as neon, palladium, aluminum and nickel , which are also important raw materials for automotive chip manufacturing, the recent Russia-Ukraine conflict has seriously affected the production and supply of such important metals.

Due to the inability to obtain relevant raw materials and parts from Russian and Ukrainian suppliers , the global automotive manufacturing industry's "chip shortage" has intensified, causing many European automakers to reduce or stop production.

In addition to Europe, some parts of the United States have also suspended the production of related vehicles due to supply chain shortages. It is understood that Ford Group's factories in Kentucky and Ohio have recently stopped production. Last week, Ford also closed the production of F-150 pickup trucks at the Kansas City Assembly Plant in Missouri and reduced the production of Kentucky trucks.

U.S. new light vehicle sales reached 14 million SAAR in February, down about 12% from the same period last year, according to estimates from LMC Automotive.

At present, the global demand for automobile production is still large, but under the current circumstances, the automobile manufacturing industry can only be forced to stop. According to a recent report by the Associated Press, it is "impossible" for the current supply chain to keep up with the demand of global manufacturers.

The situation between Russia and Ukraine exacerbates the "chip shortage"

Many automobile companies around the world have temporarily stopped production