Hyundai will stop production at its Korean plant next week due to lack of chips: Report

Seoul, April 9: Hyundai Motor Co., Ltd. announced on Friday that it will temporarily shut down another plant in the country next week due to a shortage of electronic components. Hyundai will shut down its Asan plant, 100 kilometers south of Seoul, from Monday to Tuesday, a spokeswoman for the company said on the phone. Earlier, the largest automaker in the country announced that it would shut down its first plant in Ulsan, 414km southeast of Seoul, from April 7th due to a shortage of chip parts. 14.14. 2021 Hyundai Alcazar 7-seater SUV officially announced.Expected price, features, specifications..

Suspension arises due to a shortage of semiconductor components used in Kona’s front vehicle camera system and problems with the Hyundai Mobis production line that deploys the IONIQ 5 traction motor.

Yonhap News Agency reports that the production suspension is expected to result in a production loss of 6,000 units for Kona and 6,500 units for Ioniq 5. Hyundai has reduced overtime at its third Ulsan plant, which produces Avante Compact, on the first weekend of this month due to a shortage of electrical control units (ECUs) in addition to the outage plan.

A spokeswoman said the car maker plans to cancel overtime at Ulsan’s third plant this weekend due to parts issues. Hyundai Motor has five overseas plants in Ulsan, one in Jeonju, one in Jeonju, seven plants in Japan, four in China, and one overseas plant in each of the United States, Czech Republic, Turkey, Russia, India, and Brazil. I have. Their total capacity reaches 5.5 million units.

(The story above was first published on LatestLY at 5:40 pm IST on April 9, 2021. For news and updates on politics, the world, sports, entertainment and lifestyle, please visit our website. Please log on to. Hyundai will stop production at its Korean plant next week due to lack of chips: Report

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