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(Reuters) - A shortage of certain auto chips may start to have a big impact on car production at some Chinese companies in the first quarter next year.
Automobiles have become increasingly dependent on chips - many of them made in Europe - for everything from computer management of engines for better fuel economy to driver-assistance features such as emergency braking.
But German auto suppliers Continental, Bosch and Volkswagen, the world's largest carmaker, warned last week that a global shortage of semiconductor components could impact production in China.
According to research reports of two Chinese securities firms, Wanlian and Great Wall, China's auto industry imports 90 percent of its microchips.
www.reuters.com
Automobiles have become increasingly dependent on chips - many of them made in Europe - for everything from computer management of engines for better fuel economy to driver-assistance features such as emergency braking.
But German auto suppliers Continental, Bosch and Volkswagen, the world's largest carmaker, warned last week that a global shortage of semiconductor components could impact production in China.
According to research reports of two Chinese securities firms, Wanlian and Great Wall, China's auto industry imports 90 percent of its microchips.
Chip supply crunch likely to hit China's auto output in first quarter 2021: industry body
A shortage of certain auto chips may start to have a big impact on car production at some Chinese companies in the first quarter next year, a senior industry executive said on Tuesday, which may cast a shadow over the global auto sector's recovery.
www.reuters.com
