AutoBeta(AutoBeta.net)09/24 Report--

AlixPartners, the US consultancy, recently released a new forecast that the shortage of semiconductor chips will cost the global automotive industry $210 billion in revenue in 2021, a figure that has nearly tripled from its forecast of $110 billion released in May.

In January, consulting firm AlixPartners initially predicted that chip shortages could reduce global car production by 2.2 million units in 2021 and cost the industry $60.6 billion in revenue this year. But as a fire broke out at the Japanese chip supplier Renesas's plant and bad weather had a series of effects on the car supply chain, Aliplatinum raised its forecast for the impact of chips in May this year. Global car production is expected to fall by 3.9 million vehicles in 2021, and the overall revenue of the auto industry will be reduced by $110 billion. In addition, it also said that the chip crisis will gradually improve in the second half of this year. But on Sept. 23, Aliplatinum issued its latest forecast, saying that car production will fall to 7.7 million units in 2021 and auto industry revenue will fall by $210 billion because there is no sign of easing the chip shortage during the year.

In recent years, many automobile companies in the global automobile industry have announced to stop or reduce production because of the lack of supply of chips. this problem has affected automobile manufacturers at home and abroad. Since Volkswagen halted production last December due to a shortage of ESP chips in mainland China and Bosch, the "core shortage" crisis has continued to affect Volvo, GM, Ford, Toyota, Honda, Nissan and other automakers. Earlier, according to media reports, Audi was given only one key due to a shortage of chips. Geely Electric cars are also affected by the global lack of core, Geely Electric cars are also affected by the global lack of core, Geometry Group CEO said at its results conference on Aug. 18, Geely Electric cars are also affected by the global lack of core, with 10, 000 orders for its Geometry brand unable to be delivered, and some dealers even starting to sell exhibition cars. On Sept. 3, GM announced that it would suspend operations at most North American plants due to global chip shortages and would make further adjustments in line with the progress of the supply chain. On September 20th, Toyota Motor Company

A total of 27 production lines in 14 factories in Japan will cease operation in October due to a lack of cores, according to a news release.

In addition, the lack of cores is also affecting the power of new cars. Weiwei released its sales figures on Sept. 1: a total of 5880 new cars were delivered in August, of which 1738 were delivered by ES8, 2342 by ES6 and 1800 by EC6. For Xilai, sales fluctuated sharply in August. Lulai said that affected by the epidemic in Malaysia, Nanjing and other places, the supply of spare parts in NIO was limited, especially at the production end of ES6 and EC6, which affected the delivery of new cars in August. Due to supply chain constraints, Xilai adjusted its delivery outlook for the third quarter of 2021 to 22500 to 23500 vehicles. Ideal Motors announced on its website on Sept. 20 that it adjusted its delivery forecast for the third quarter of 2021 to 24500 vehicles due to a weaker-than-expected recovery of chip supply, down from the previous forecast of 25000-26000 vehicles. The company will continue to monitor ongoing market conditions and work closely with its supply chain partners to minimize the impact of chip shortages on production.

As the shortage of chips continues to intensify, various industries are affected by the shortage of chips, the automobile market has suffered the most, and the price of chips has risen sharply. According to feedback from a number of car companies, the prices of various types of chips have generally increased by 5 to 20 times. As we all know, September and October are the traditional peak season for car sales, but due to the continuing shortage of chips, the production plans of car companies have been affected, resulting in a shortage of supply in the terminal market, many dealers and stores have no cars to sell, and consumers have delayed picking up their cars, which has recently led many luxury car brand dealers to launch the strategy of buying back used cars at high prices.

Pan Jing, chief analyst at Tianfeng Electronics, said that as global demand for semiconductors continues to rise, supply falls short of demand at least until the end of the year. The China Association of Automobile Manufacturers said: based on the current situation in the industry, the shortage of chips is expected to last until January. The tight supply of chips and other spare parts will continue to affect the pace of enterprise production, and the impact is expected to be greater in the second quarter than in the first quarter, so we still need to maintain a cautious and optimistic attitude.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat