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South Korea’s Hyundai Motor to droop Asan plant output over chip scarcity By Reuters 

© Reuters. FILE PHOTO: A store signal of Hyundai is seen outdoors a automotive showroom in Bletchley, Milton Keynes, Britain

SEOUL (Reuters) – South Korea’s Hyundai Motor Co stated on Friday it has determined to droop manufacturing for 2 days beginning on Monday at its Asan plant due to a chip scarcity.

It stated the suspension was due to the “provide situations” for semiconductor elements for powertrain management models.

“We’re intently monitoring the state of affairs to take immediate and vital measures to optimize manufacturing in keeping with the provision situations,” Hyundai stated in an announcement.

The Asan manufacturing unit seems 300,000 automobiles every year, together with the Sonata and Grandeur sedans.

Hyundai final week introduced it might droop output at Ulsan, its major South Korean manufacturing unit, from April 7 to April 14 due to chip and element provide points.

Underscoring the severity of the worldwide chip scarcity disaster, Hyundai has develop into the newest automaker to halt manufacturing due to the chip scarcity.

Hyundai had been capable of keep away from a success from the scarcity to this point largely as a result of it maintained a stockpile of chips not like its world friends, Reuters reported in February.

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