Hyundai suspends some April output

Hyundai Motor options to temporarily suspend output at its Ulsan No.1 plant in South Korea thanks to chip lack in between 5 and 13 April, Reuters claimed, citing the Korea Financial Everyday.

The influenced Ulsan factory produces 311,000 cars yearly together with the Kona Electric powered and Ioniq 5.

“No determination has been produced on the documented non permanent suspension of the facility,” Hyundai stated in a statement to Reuters.

The news company reported the Korea Financial Daily claimed production at the plant was currently being suspended thanks to supply challenges relating to chips and electrical power electrical modules.

Underscoring the severity of the chip scarcity crisis, Hyundai, until eventually recently just one of the automakers minimum influenced thanks to prudent stockpiling, has become the newest automaker to halt manufacturing thanks to the chip lack.

Hyundai had been capable to avoid a hit from the lack so much largely for the reason that it taken care of a stockpile of chips in contrast to its world friends, Reuters noted final thirty day period.