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Global chips shortage hurts China’s SAIC Motor, forcing the partner of Volkswagen and General Motors to slash output by 200,000 vehicles
The global semiconductor shortage will cut Chinese carmaker SAIC Motor’s output by about 200,000 vehicles, according to people familiar with the matter.
The preliminary estimate was made internally at SAIC, a joint venture partner of Volkswagen and General Motors. The figure is equal to around 3.6 per cent of the 5.6 million vehicles the company delivered last year, and 3.2 per cent of its 6.17 million sales target for this year, said the people, who asked not be named because the information isn’t public. SAIC is trying to secure chip supply and is adjusting production to minimise the impact of the shortage, the people said.
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