Chip shortages could remain through H1 By LI FUSHENG | China Daily | Updated: 2021-02-01 09:29 Share CLOSE German auto group Volkswagen cut its production in China in 2020 by around 15,000 vehicles, due to an industry-wide chip shortage. [Photo by ZHANG DANDAN/CHINA DAILY]
IHS Markit forecasts production of half million vehicles could be put on hold
Chip shortages in the auto industry may remain in the first half of the year, with semiconductor makers having few immediate solutions other than raising prices, according to experts.
Netherlands-based chipmaker NXP and Japan s Renesas Electronics said they were seeking to increase prices in the wake of the shortage and as raw material costs climbed.
Chip shortages in the auto industry may remain in the first half of the year, with semiconductor makers having few immediate solutions other than raising prices, according to experts.
Netherlands-based chipmaker NXP and Japan s Renesas Electronics said they were seeking to increase prices in the wake of the shortage and as raw material costs climbed.
Swiss rival STMicroelectronics is also considering a similar move, the Financial Times quoted a person familiar with the matter as saying.
Taiwan Semiconductor Manufacturing, the world s largest contract chipmaker, said it will prioritise the production of auto chips if it is able to further increase capacity, but added that its current production capacity is full.
Chinese energy IoT platform Newlink Group bags $100m led by CMB International
January 29, 2021
Beijing-based energy services provider Newlink Group has announced a $100 million strategic investment in the company led by CMB International (CMBI), the Hong Kong subsidiary of state-backed China Merchants Bank.
Hongtai Aplus’ sub-fund, Guodiao Hongtai Fund, entered as a new investor alongside existing backers Joy Capital a TMT focused firm that invested in GGV Capital-backed Nice Tuan and mock meat startup STARFILED and NIO Capital.
Newlink had closed its Series D round in July last year raising 900 million yuan ($129 million) led by CICC Capital with participation from Joy Capital, NIO Capital, and Xiaomi Corporation, besides Korea Investment Partners (KIP).
China s automobile market has become one of the bright spots in the global automobile market in 2020. AFP/File
China s car production and sales respectively reached 2.84 million units and 2.83m units in December of 2020, and also increased 5.7 per cent and 6.4pc from a year earlier, according to the
National Business Daily, citing the China Association of Automobile Manufacturers on Thursday.
The production and sales of passenger cars respectively reached 2.33m and 2.38m units in December, jumping 6.5pc and 7.2pc year-on-year, while the respective figures for commercial vehicles were 509,000 units and 456,000 units, up 2.3pc and 2.4pc year-on-year, respectively.
The above figures mark the ninth consecutive month that China s automobile production and sales have achieved positive growth, said the
China s car production, sales surge in Dec 2020 By Zhang Jie | chinadaily.com.cn | Updated: 2021-01-21 14:04 Share Geely employees work on an assembly line in Linhai, Zhejiang province. [Photo/Xinhua]
China s car production and sales respectively reached 2.84 million units and 2.83 million units in December of 2020, and also increased 5.7 percent and 6.4 percent from a year earlier, according to the National Business Daily, citing the China Association of Automobile Manufacturers.
The production and sales of passenger cars respectively reached 2.33 million and 2.38 million units in December, jumping 6.5 percent and 7.2 percent year-on-year, while the respective figures for commercial vehicles were 509,000 units and 456,000 units, up 2.3 percent and 2.4 percent year-on-year, respectively.