Bosch ESP chip price reportedly rises to over 300 times its original price on black market
The current price of a Bosch ESP chip on the black market is about RMB 4,000 yuan ($620), nearly 300 times higher than the normal price of 13 yuan.
Chinese market regulator fines three auto chip dealers for price gouging
China's State Administration for Market Regulation (SAMR) fined three auto chip distributors a total of 2.5 million yuan ($400,000) for…
Analysts expect chip shortage to improve later this month
China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick…
FAW-Audi reportedly leaves A6L production scheduled for just one day in Sept due to chip shortage
FAW-Audi is currently producing for several days and then taking several days off because of a severe chip shortage, with the A6L production…
Chinese regulator takes steps to help automakers cope with chip shortage
In the face of a growing chip shortage, the industry's regulator in China is taking action in addition to car companies finding their own ways…
Tesla’s Shanghai plant reportedly halted production for days in Aug due to chip shortage
One particular shortage was related to the availability of electronic control units, which largely caused delays in the output of Tesla's Model Y.
Behind auto chip shortage: Some dealers multiply offers by 10 times
The reason for the rise in auto chip prices is speculation by dealers on the one hand, and automakers spending high prices to buy chips in…
Chinese official media report highlights BYD’s semiconductor business amidst chip shortage concerns
BYD avoided suffering the impact and seize the growth opportunity during the period when many car companies had to reduce or stop production,…
Chip shortage to cut global car production by up to 7.1 million units this year, IHS Markit says
The shortage of chips will lead to a reduction in global auto production of 6.3 million to 7.1 million units this year, with a possible…
Chip shortage’s impact on China’s auto industry expected to last until next spring
The impact of the chip shortage on China's auto industry will continue into next spring due to the Covid-19 outbreak in Malaysia, China…