AutoBeta(AutoBeta.net)04/10 Report--

Since the lack of core was revealed in the automobile industry in December last year, a number of car companies around the world have been cut or stopped production, but the lack of core has not been alleviated, and the problem is getting worse. According to CCTV media reports, 1 million cars worldwide will be delayed due to "lack of core" in the first quarter of this year.

GM will suspend or extend production at several plants in North America as the global auto industry suffers from a continuing shortage of automotive semiconductors, CCTV Financial reported. Among them, GM's three plants in Tennessee, Michigan and Mexico will be temporarily closed for 1-2 weeks. Plant shutdowns in Kansas and Ontario, Canada, will be extended until May 10. Both factories were closed in February.

As a result, GM's share price and profits have been affected. As of April 9, GM closed at 0.02%, the biggest drop of nearly 1% to $60.1. GM also said its operating profit this year would be reduced by 1.5 billion to 2 billion yuan due to the suspension of production due to a shortage of chips.

According to another Reuters report, Ford, also a US auto giant, will shut down three North American plants next week because of a lack of cores, reducing its operation time to one plant, but the operating time has been reduced. However, the company says it will expand its operations during the traditional summer break in order to recover this year's production.

It has to be said that at present, the global automobile industry is affected by the continuing shortage of semiconductor chips, which is expected to continue for several months. Even Apple, which has strong control over the supply chain, can not avoid the impact of this "unprecedented" supply crisis, which shows that the lack of core problem is another impact on the global auto market after the impact of the epidemic.

CCTV also mentioned that the global auto industry has been plagued by insufficient supply of chips since the end of last year. Volkswagen, Toyota, Honda, Nissan, Ford, General Motors and other car companies have announced plans to stop or reduce production.

In response, the White House plans to hold a summit on chip shortages on April 12, which will lead the management of a number of companies, which are expected to be attended by GM CEO Mary Barra and Ford CEO Jim Farley, as well as some technology executives.

Also affected by the spread of core shortage, many domestic listed car companies are also troubled to a certain extent, and many companies have also responded to this.

Among them, Xilai said that production was suspended for five working days due to a shortage of chips, and most of the automotive chips that are out of balance between supply and demand are basic chips, which poses short-term pressure on the industry, and is expected to pose greater challenges in the second quarter and ease in the third quarter.

SAIC said that the chip problem is a common problem facing the global automobile industry. The main reason for the shortage of automotive chips is the imbalance between supply and demand. The company is minimizing the impact by strengthening global supply chain coordination and other measures. Although the shortage of chips will continue for some time, SAIC has a strong industrial chain advantage and will work with the industry to overcome difficulties.

For the impact of the lack of core, the British market research firm Eason Huamai has predicted that in the first quarter of this year, 1 million vehicles worldwide will be delayed due to "lack of core". Global auto industry sales will be reduced by $60 billion for the whole year.

Bernstein Research previously estimated that the global shortage of automotive chips in 2021 would result in a loss of production of as many as 4.5 million vehicles, equivalent to about 5 per cent of global annual car production. In addition, Inverto, a think-tank owned by Boston Consulting, predicts that the shortage of automotive semiconductor chips will affect the automotive industry for half a year or even three quarters.

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