Automaker Yulon Motor Co (裕隆) yesterday kept its forecast for domestic new vehicle sales this year at 436,000 units, saying that Shanghai’s reopening would boost production and component supplies.
The forecast is 0.5 percent higher than last year’s domestic sales of 434,000 units.
Sales in the first four months of the year plummeted 12.5 percent to 136,000 units from a year earlier, due to shortages of chips and key components, as well as logistic bottlenecks, Yulon vice president Lee Chien-hui (李建輝) said.
The 50-day lockdown in Shanghai has dealt a serious blow to global auto component supply chains, as the city is one