Recently, the online car market learned from relevant channels that due to external factors, Hyundai and Kia's wiring harness suppliers in Europe have stopped production in a large area, and some suppliers in China have also announced temporary suspension of production, coupled with the impact of chip shortages, resulting in the cumulative number of orders that have not yet been delivered by these two car companies has exceeded 1 million vehicles, equivalent to 15% of Hyundai and Kia's global sales of 6.66 million last year. The sales target for Kia and Hyundai this year is 7.47 million units, which is unlikely from the current situation.
Kia said that the number of daily orders is still increasing, but due to the shortage of parts, Kia Kahua's buyers need to wait 8-11 months, while the delivery time of the Sorento and Sporting Run hybrid models will be as long as 18 months, Kia Jirui will wait 11 months, K8 will wait 6-13 months, K5 will wait 5 to 11 months, and most of its models will face this situation. In addition, Hyundai Motor's Geniseys has also been affected, and the car cannot be delivered until 12 months after the order is placed.
Due to the large delay in the delivery of vehicles, the price of new cars is expected to rise sharply, and those who want to buy Korean cars may wish to reconsider. In addition, according to overseas media, as of April 3, due to the global chip shortage, the number of global vehicle production cuts is as high as 1.34 million units, and it is expected that 7 million cars around the world will not be manufactured due to chip shortages this year, and the chip shortage problem is expected to last for more than a year.