Impact of global chip shortage on electric vehicle market From SNE
The following is the Impact of global chip shortage on electric vehicle market From SNE recommended by recordtrend.com. And this article belongs to the classification: Automobile industry, research report, Hardware equipment industry.
What causes the global chip shortage?
The first reason: the new crown reshapes demand
During the new crown pandemic, demand in certain industries, such as smartphones and personal computers, surged, triggering unprecedented global shortages.
In February, according to Susquehanna financial, the average lead time for chip orders to reach actual completion was extended to 15 weeks.
IDC data shows that the steady growth of semiconductor sales will slow down in 2019, but the demand for home appliances will increase by 5.4% in 2020.
The second reason: supply chain bottlenecks
Chip manufacturing takes place in “foundry”. At present, most of the chips in the world are made by three or four generation factories.
TSMC, the world’s largest foundry, has customers ranging from chip designers to semiconductor companies. However, cars account for only 3% of TSMC’s total revenue.
What is the impact of global chip shortage on the automotive industry?
Chip shortage affects automobile production
According to industry estimates, global auto production decreased by about 600000-1300000 vehicles in the first quarter of 2021 due to supply disruption caused by chip shortage.
The shortage of chips and the decrease of new cars make the price of used electric cars soar
The shortage of chips leads to the shortage of new cars, and the demand turns to the used car market.
The demand for electric cars exceeds that of ordinary cars. According to Cox automotive, the retail supply period for regular cars is 44 days, while the supply period for electric cars is 29 days.
Data show that the average price of electric vehicles in all years from March to may has increased by $1500, and the price of vehicles before 2019 has also increased by $1200 in the United States.
What’s next?
Demand is growing, but the chip shortage is likely to continue into early 2022
According to a Deloitte report, automotive electronics will account for 45% of the cost of car manufacturing by 2030.
Electric vehicles need more semiconductors than internal combustion engines; A conventional car’s chip costs about $434, and an electric car costs about $833.
Electric vehicles may be less affected by chip shortage than ice
Tesla uses chips designed for its autopilot software.
The shortage is not expected to have a significant impact on the production of electric vehicles, as major automakers will give priority to producing electric vehicles to meet stringent regulatory requirements.
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