Chip Shortage
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Commodity price hikes, power crunch have more serious impact on automakers than chip shortages, GAC Aion exec says
The price of lithium carbonate was RMB 70,000 ($10,850) per ton last year, but now it has risen to RMB 270,000.
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Li Auto reportedly bought chips from black market at 800 times the cost of normal prices
Li Auto reportedly bought thousands of EPB chips, which normally cost about RMB 6 per chip, for about RMB 5,000 each.
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Li Auto to deliver Li ONEs with two radars missing as temporary workaround for chip shortage
Due to increased pressure on chip supply, Li Auto is said to be delivering Li ONEs with two missing radars by December, with additional installations for customers as the part arrives.
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Chinese market regulator fines auto chip dealer RMB 500,000 for sharp price markup
Earlier this month, three auto chip dealers were fined a total of RMB 2.5 million for inflating the price of auto chips.
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Chinese auto association warns again of chip shortage crisis
The resources for auto chips in circulation are close to depletion, Chinese auto brands no longer have a clear advantage in chip resources, said the deputy secretary-general of the CAAM.
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Evergrande and chip shortages: How to understand the drama during China's mid-autumn holiday?
How to make sense of all this drama during the Chinese holiday? Edison Yu, an analyst at Deutsche Bank, gave his take in a research note sent to investors on Tuesday.
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Bosch ESP chip price reportedly rises to over 300 times its original price on black market
The current price of a Bosch ESP chip on the black market is about RMB 4,000 yuan ($620), nearly 300 times higher than the normal price of 13 yuan.
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Chinese market regulator fines three auto chip dealers for price gouging
China's State Administration for Market Regulation (SAMR) fined three auto chip distributors a total of 2.5 million yuan ($400,000) for inflating the price of auto chips.
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Analysts expect chip shortage to improve later this month
China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick up, the team said.
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FAW-Audi reportedly leaves A6L production scheduled for just one day in Sept due to chip shortage
FAW-Audi is currently producing for several days and then taking several days off because of a severe chip shortage, with the A6L production scheduled for just one day in September, cls.cn said Tuesday.
