Chip shortage hitting Korean carmakers
Posted : 2021-02-04 15:46
Updated : 2021-02-04 16:11
By Kim Yoo-chul
The continued automotive semiconductor shortage is hitting Korean carmakers, with General Motors Korea announcing plans to halve its vehicle production at its plant here.
General Motors Korea (GMK) said Thursday it decided to halve production at its Bupyeong 2 plant for February. The decision was because of the shortage of automotive semiconductors. We will focus on exploring the best possible ways to minimize the estimated impact from the shortage through talks with parts suppliers.
The Bupyeong plant has a daily production capacity of 480 vehicles ― the cut will lead it to monthly production of around 5,000.
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