China’s EV industry may go into partial freeze in 2022 as global chip shortage leaves 1 million vehicles short of vital components

Source: Tech – South China Morning PostA chill may partially freeze China’s booming electric car industry in the first half of 2022, as the global chip shortage forces smaller assemblies to suspend production, according to a forecast by the industry guild of the world’s largest vehicle market.Global foundries can produce enough semiconductors, microcontroller units and high-end chips with artificial intelligence (AI) processors for 4 million of the so-called new energy vehicles (NEVs) in China, according to the China Passenger Car…Read More

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