South Korea’s auto industry has become increasingly dependent on China for parts, leading to calls for supply chain diversification. Cho Chul, an analyst with the Korea Institute for Industrial Economics and Trade (KIET), a government-funded think tank, recently highlighted how automobile parts imports from China have increased over the past two decades. “China only accounted…
South Korea Becomes More Reliant on China for Auto Parts, Expert Urges Supply Chain Diversification
June 24, 2022
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Americans Less Likely Than Other Nationalities to Buy Electric Cars: Mobility Survey
Americans are less likely to buy an electric vehicle (EV) compared to people from other nations, according to the latest EY Mobility Consumer Index from EY Global, which also showed that a high proportion of survey respondents who were likely to buy an EV would be willing to pay a premium for it. Among the…
China Admits Its Over-Reliance on Semiconductor Imports Could Prove ‘Fatal’
News Analysis A Chinese state-run media disclosed that China’s continued reliance on chip imports could be “fatal” to its automotive industry and national economy. On Nov. 23, the state-run Xinhua News Agency reported that China’s domestically produced automotive chips are primarily used in less complex vehicle components such as body electronics, while it relies heavily…
Japanese Car Production Plunges Amid Supply Chain Disruptions
November 8, 2021
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automakersautomotiveBusiness & EconomyBusinesses in COVID-19chip shortageCompaniesJapansemiconductorsupply chainTSMC
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Amid the global chip shortage, Japan’s eight largest automakers’ September domestic output stood at 398,075, falling 49.7 percent compared to the same period last year, the sharpest production decline since the 61.8 percent drop in May last year, according to Chinese state media. Among them, Toyota and Honda dropped more than 55 percent. TSMC’s Japanese…
White House Sends Polite Letter to Taiwan, Asking for Help
WASHINGTON—The White House sent a letter to the Taiwanese government on Feb. 17 seeking its help to resolve a global shortage of computer chips that has wreaked havoc on the automotive industry. The letter ensured that the “future is bright” for U.S.-Taiwan relations amid threats from China. President Joe Biden’s top economic adviser, Brian Deese…
White House Sends Letter to Taiwan, Seeks Help With Auto Chips
WASHINGTON—The White House sent a letter to the Taiwanese government on Feb. 17 seeking its help to resolve a global shortage of computer chips that has wreaked havoc on the automotive industry. The letter ensured that the “future is bright” for U.S.-Taiwan relations amid threats from China. President Joe Biden’s top economic adviser, Brian Deese,…
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