The escalation of the situation in Russia and Ukraine and the triggering of Western sanctions against Russia have further exacerbated global supply chain tensions and affected the automobile manufacturing industry. Dexin News Agency reported on the 2nd that the supply chain problems caused by the conflict in Ukraine have affected the huge automobile industry, and many automakers around the world have announced a temporary suspension of work.
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Volkswagen BMW Mitsubishi Renault and other car companies suspended some production
A spokesman for the German Volkswagen Group said that the Porsche plant of Volkswagen Group in Leipzig, Germany, began to shut down on the afternoon of the 2nd and is expected to last at least until the end of next week, when about 2,500 employees are on standby. A day earlier, the Volkswagen Group announced that one of Volkswagen's main production sites in Wolfsburg, Germany, would have to shut down due to supply chain disruptions. In addition, Volkswagen's plant in Saxony, Germany, is already experiencing cable shortages.
On the 1st, a spokesman for the BMW Group revealed that due to supply delays, BMW's production in factories in Germany and other parts of Europe will be affected, and when to stop work and how long it will be stopped has yet to be evaluated. It is reported that the car wiring harness used by BMW was purchased from western Ukraine.
In addition to German car companies, Japan's Mitsubishi Motors and France's Renault Motor Company also announced that they may partially suspend automobile production and sales in Russia. Citing data from Citibank, Reuters reported that Renault is one of the Western automakers with the most contact with Russian operations, with 8% of its core profits coming from Russia.
Russian-Ukrainian neon gas production accounts for 70% of the world's "chip shortage" concerns have intensified
According to Moody's Analytics, Russia and Ukraine together account for 70 percent of global neon gas production. Neon gas is an important raw material for chip manufacturing, and the global semiconductor industry, especially the automobile manufacturing industry, has been worried about the "chip shortage" that has lasted for a period of time, and now it is also worried about the danger of the shortage of neon supply caused by the situation in Russia and Ukraine.
The production of a wide range of important metals has also been affected. Russia and Ukraine together account for 13% of the world's titanium production, palladium production accounts for 30% of the world's total, Russia is also one of the world's leading nickel producers. These raw materials are required for the automotive industry. The Associated Press reported on the 2nd that the current supply chain is "impossible" to catch up with the demand of global producers.
Source: CCTV Finance
Editor: Weng Xintong
Review: Jiang Xiaoyuan
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