The global chip shortage is set to send China’s EV industry into partial freeze in the first half of 2022, as there will be a shortfall of at least 1 million electric cars amid the soaring demand.
According to South China Morning Post, the companies can produce enough semiconductors, microcontroller units and high-end chips with artificial intelligence (AI) processors for 4 million of the new energy vehicles (NEVs) in China in 2022.
“The shortage of automotive chips that had hindered the growth of the car market has yet to ease,” the CPCA said in a research report.
“The bestselling models still need chips to reinforce their production, and get their backlog of orders executed.”
