Carmakers Push to Secure Chips as China Trade Spat Escalates
Carmakers are preparing for potential chip supply disruptions as the trade dispute between China and the Netherlands escalates. China has imposed export controls on an obscure Dutch supplier, which could have a domino effect and halt production lines globally. The semiconductor shortage, which has plagued the automotive industry since the COVID-19 pandemic, is now compounded by geopolitical tensions. Carmakers are scrambling to secure chip supplies and minimize the impact on their production. The situation highlights the automotive industry's reliance on a complex global supply chain and its vulnerability to external shocks. Experts warn that the ongoing chip crisis may persist, with carmakers and policymakers needing to find long-term solutions to ensure a reliable and resilient semiconductor supply.
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