Hyundai Motor and Kia Also Show Warning Signs Amid Vehicle Semiconductor Supply Shortage

[Asia Economy Reporter Changhwan Lee] Amid a global shortage of automotive semiconductors, warnings are emerging that Hyundai Motor and Kia, which are currently operating their factories normally, may soon be affected.

According to the automotive industry on the 23rd, Hyundai Motor and Kia are currently experiencing difficulties in securing some semiconductors and are responding by adjusting vehicle production volumes.

They are currently operating production lines centered on vehicle models that have automotive semiconductor inventory, and general-purpose semiconductors are being prioritized for vehicle parts with nearly depleted stock to continue vehicle production.

Since the beginning of this year, when the global semiconductor shortage issue surfaced, Hyundai Motor and Kia have not left the task of securing automotive semiconductor inventory solely to their first-tier suppliers but have been checking inventory on a weekly basis and directly negotiating with semiconductor makers to secure supply. Hyundai Motor and Kia receive parts from Bosch, Continental, Mobis, Vitesco, and LG Electronics.

As semiconductor supply becomes more difficult, many global automakers such as GM, Ford, Volkswagen, and Toyota have recently been reducing production volumes. Korea GM has also cut production at its Bupyeong Plant 2 by about half. In addition, major makers such as Audi, Honda, PSA, and Nissan are reducing production, including factory shutdowns, due to the shortage of automotive semiconductors.

This content was produced with the assistance of AI translation services.