VW, Honda and Yamaha halt production at several plants as seemingly endess Covid restrictions lead to parts shortages
VW, Honda and Yamaha halt production at several plants as seemingly endless Covid restrictions lead to parts shortagesCarmakers are opting to shut their plants in China as Covid restrictions make it almost impossible to secure some components, deeming even the closed-loop systems promoted by officials as a way to maintain manufacturing during lockdowns untenable.
Without a stable and steady supply of parts, it’s difficult to make any production plans, let alone move to closed-loop systems that would keep plants running, the people said. Chinese electric-car company Xpeng faces a similar challenge, according to a person familiar with its situation. Li Auto has delayed the delivery of two models because of component shortages, the Beijing-based carmaker said in a statement on Monday.
Mounting dissatisfaction among Foxconn Technology’s ranks now threatens to further disrupt production at the Zhengzhou plant that cranks out the majority of Apple’s iPhones for shipment around the world. Motorcycle maker Yamaha is partially halting production at its plant in Chongqing, where 8,721 new Covid cases were reported on November 28, making it one of China’s biggest outbreaks. Other Japanese carmakers including Nissan, Mazda and Mitsubishi said their China operations haven’t been affected yet.
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