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According to media reports, two of Volkswagen's German factories responsible for the production of electric cars need to suspend production for a week due to a shortage of chips, which will also affect the supply of electric vehicles from many brands of Volkswagen.

It is understood that Volkswagen's German factories have Zwickau factory and Dresden factory. The Zvico factory is mainly responsible for the production of Volkswagen ID.3, ID.4, Audi Q4 e-tron and Cupra Born models. It is worth noting that a few days ago, Volkswagen Group Deiss posted on the social platform that ID. The family continues to maintain steady growth momentum in the Chinese market, ID in October. Monthly sales of 12376 models surpassed those of domestic competitors such as Ulay, Xiaopeng and ideal. It cannot be seen that this shutdown will also lead to restrictions on the supply of these vehicles in a short period of time.

In recent years, due to the impact of the COVID-19 epidemic and the shortage of chips, it has had a great impact on the global automotive industry. For Volkswagen, it has been giving priority to supplying chips to electric vehicles, so that production of electric vehicles in Zvico and Dresden can continue without interruption. However, after the suspension of production for a week, the chip shortage appears to have intensified, making it impossible for the Zvico and Dresden plants to maintain their electric car production.

As early as the end of last year, the production lines of some models of the two Volkswagen joint ventures FAW-Volkswagen and SAIC-Volkswagen had already stopped production due to the shortage of chips and other spare parts. FAW-Volkswagen originally planned to produce about 610000 vehicles in the second quarter of this year, but due to the shortage of chips, it is expected to produce only 400000 vehicles in the second quarter, a 30 per cent reduction in production. In order to ensure the stable development of the market, SAIC-Volkswagen said that it will optimize production scheduling according to market demand, giving priority to the production capacity of products with high demand.

Due to the shortage of chips, Volkswagen Group's revenue, operating profit and operating profit margin all showed a downward trend in the third quarter compared with the same period last year. According to relevant data, Volkswagen Group's operating income in the third quarter was 56.931 billion euros, down 4.1% from the same period last year; operating profit was 2.798 billion euros, down 12.1% from the same period last year; operating profit margin was 4.9%, compared with 5.4% in the same period last year.

In terms of sales volume, Volkswagen Group's global delivery volume in the third quarter was 1.97 million vehicles, down 24% from the same period last year. Volkswagen Group said that this is mainly due to the shortage of chips. Some production lines of Volkswagen, Skoda, Audi and Seattle can only be temporarily suspended. As the core shortage problem continues to intensify, Volkswagen Group has also lowered its full-year sales forecast, saying it expects full-year sales to be the same as last year, while Volkswagen earlier forecast year-on-year growth.

Volkswagen CEO Deiss has said that the supply of automotive chips has improved in the fourth quarter, and the shortage will ease quarter by quarter next year. From this reversal also means that the chip shortage problem that plagued SAIC-Volkswagen may be alleviated, and the gap caused by the decline in production and sales year-on-year will also be filled.

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