The global automotive digitization and electrification process continues to move forward. Yet for the last two years, it has been stuck due to the automotive chip and lithium battery crunch. When can this material shortage end? So far, it doesn’t seem to be an easy task, mainly because the supply is lagging far behind the increase in demand. The regional development of the supply chain may face different situations before the newly expanded production capacities are put into operation.
Automotive parts supply yet to reach balance, but demand may soften first
16
Sep