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Chen Bin of the China Machinery Industry Federation: The shortage of chips may cause the annual automobile production to be reduced by about 2 million

author:Securities Times E Company

E company news, at the 2021 China Automotive Supply Chain Conference held today, Chen Bin, executive vice president of the China Machinery Industry Federation, said that from May to September this year, China's automobile production and sales fell year-on-year for five consecutive months. According to this speculation, the shortage of chips may lead to a reduction of about 2 million vehicles in the whole year. There are also concerns about industrial sensors, basic industrial software, special raw materials, precision instrumentation and a series of products that rely heavily on imports in the supply chain, which may have a greater impact in the event of natural and man-made disasters.

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