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VW’s China unit sees chip shortage easing

VW’s China unit sees chip shortage easing

by admin
July 16, 2021
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VW’s China unit sees chip shortage easing

Whereas many automakers all over the world are struggling to take care of a scarcity of crucial digital elements attributable to the semiconductor provide disaster, Volkswagen’s Chinese language unit expects the disaster to ease over the subsequent six months.

In remarks reported by Reuters, VW’s China operations chief Stephan Woellenstein mentioned he anticipated the chips provide disaster to backside out in the summertime. “We count on to see an enchancment on this state of affairs throughout the second half of the yr,” he added.

He additionally advised Reuters that Volkswagen will supply some chips from a brand new provider beginning in August.

The Reuters report notes that VW noticed its China JVs’ gross sales drop 12.3% between April and June in contrast with a yr earlier, as chip provide points hit its meeting traces.

 

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Tags: ChinachipEasingseesshortageUnitVWs

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