When chips are down, some carmakers invest By Li Fusheng | China Daily | Updated: 2021-04-19 09:25 Share SAIC employees inspect cars on an assembly line in Shanghai in February. [Photo/Xinhua]
Money is not everything, and carmakers are learning this the hard way: no one had expected the lack of chips would hurt them so much and for so long.
The auto industry began to feel the pinch of the chip crunch in late 2020. Industry insiders think the shortage may continue well into the second half of this year.
Consulting firm AlixPartners estimated it will cost the auto industry a whopping $60.6 billion in revenue this year.
When chips are down, some carmakers invest
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
When chips are down, some carmakers invest
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Great Wall to roll out its first hydrogen fuel-cell SUV
autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.