Renault Samsung Motors Halts Busan Plant Operations for Two Days Due to Semiconductor Shortage
[Asia Economy Reporter Changhwan Lee] Renault Samsung Motors will halt operations at its Busan plant for two days due to a shortage of automotive semiconductors.
According to industry sources on the 18th, Renault Samsung Motors decided to suspend operations at the Busan plant on the 19th and 20th due to a shortage of semiconductor parts supply.
This is the first time this year that Renault Samsung Motors has closed its plant due to a semiconductor shortage.
The company explained that, thanks to Renault Group's active support in supplying semiconductor parts, vehicle production proceeded smoothly in the first half of the year; however, as the global shortage of semiconductor parts has prolonged, an unavoidable shutdown became necessary.
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Renault Samsung Motors, struggling with deteriorating performance, is currently operating a survival plan and focusing on exporting the compact sport utility vehicle (SUV) XM3 to Europe.
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