Volvo Cars suspends or adjusts production in China and the United States due to lack of core

According to foreign media reports, on March 17, Volvo Cars stated that due to the global shortage of semiconductor chips, it will temporarily suspend or adjust automobile production in China and the United States for part of March.

(Image source: Volvo Cars)

Volvo Cars stated in an e-mailed statement: 'During March, Volvo Cars will temporarily suspend or adjust production at some car plants (the United States and China). We expect the situation to become severe in the second quarter. , Therefore decided to take measures to minimize the impact on production, and at the same time strive to improve the problem every day.'

Last month, Volvo Car CEO Hakan Samuelsson said that Volvo's chip supply in the next four weeks has been guaranteed. The shortage of chips in the automotive industry has not yet affected the company, but it may affect the company in the first quarter. Performance poses a huge risk.

The global chip shortage has hit global automakers. A variety of factors have caused supply shortages, including the need for automakers to compete with the consumer electronics industry for chip supply.

Truckmaker Scania, a subsidiary of Volkswagen’s commercial truck division Traton, said earlier this month that it may also be forced to stop production due to chip shortages.

On February 18th, Scania’s rival Sweden's Volvo Group (AB Volvo) said that the shortage of chips has affected the production of its Ghent factory in Belgium and warned that it may further stop production. Volvo spokesperson Claes Eliasson said: 'We did not run any production lines this week, so there is no complete vehicle off the assembly line in Ghent this week.'