Automobile industryIHS Marks

It is estimated that 30% growth of global automobile production in Q1 in 2021 will be difficult to achieve From IHS Marks

The following is the It is estimated that 30% growth of global automobile production in Q1 in 2021 will be difficult to achieve From IHS Marks recommended by recordtrend.com. And this article belongs to the classification: IHS Marks, Automobile industry.

IHS Markit, a data company, said the recent fire at Renesas’s Japanese factory and the extremely cold weather that ravaged the southwest of the United States in February would exacerbate the global shortage of chips in the automotive industry, Reuters reported. IHS originally predicted that the global production of small cars in the first quarter will reach about 1.3 million, a significant increase of 30% compared with the production of 1 million in the first quarter of last year. However, the occurrence of the above two events may make the desire to increase production by 30% come to nothing.

Renesas produces about 30% of the micro control units in the global market. The shutdown is a big problem for the automotive chip market, and Renesas said it will take at least 100 days to restore its capacity before the fire.

In addition, affected by the extremely cold weather that swept across the southwest of the United States in February this year, the chip factories of many enterprises, including Samsung, NXP, Infineon and so on, were severely affected, and their production and sales capacity declined significantly.

IHS said that the global auto industry “chip shortage” probably began at the end of last year, mainly due to the decline of Southeast Asian factory capacity caused by the spread of the epidemic. Now, fire and cold have consumed part of the production capacity of factories in Japan and the United States respectively, which makes the automotive chip market worse.

IHS speculates that it is difficult to achieve the 30% increase in global production predicted earlier, while the actual increase in production can only reach about 12%. The “lack of core” phenomenon in the global automobile industry will continue to ease in the fourth quarter of this year.

The house leaks every night. Just last week, a giant cargo ship lost control of its yaw and blocked the Suez Canal for six days. A large number of ships are stranded and shipping is seriously hindered, which further aggravates the short supply in the global automotive chip market.

IHS Markit: it is predicted that the total global auto production will be reduced by 964000 in 2021. IHS Markit: it is predicted that the global sales of new light vehicles will be 83.4 million in 2021, with a year-on-year growth of 9%. IHS Markit: it is predicted that the global sales of new light vehicles will be 83.4 million in 2021, with a year-on-year growth of 9% Markit: coping with the chip shortage of auto industry in 2021 (attached with download) China Auto Association: in July 2020, auto production and sales will be 2.211 million and 2.211 million respectively, with a year-on-year growth of 21.9% and 16.4% respectively. China Auto Industry Association: from January to September 2020, China’s cumulative auto production will be 16.957 million, with a year-on-year decline of 6.7%. China Auto Association: in May 2020, China’s auto sales will be 2.194 million 5.9% month on month growth SMMT: 33.8% decrease in UK auto production in the first 10 months of 2020 SMMT: 29.3% decrease in UK auto production in 2020 SMMT: 27.3% decrease in UK auto production in January 2021 China Association of automobile manufacturers: 23.11 million new car sales from January to November 2019, 9.1% decrease year on year Markit: it is expected that the market share of electric vehicles in the United States will double in 2021. IHS Markit: it is expected that the LCD TV panel shipment will drop by 8% in 2020 compared with the same period last year. Anfavea: Brazil’s automobile production will drop by 50.5% in the first half of 2020

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