Electric cars may get the chance of a lifetime to replace petrol guzzlers faster as they emerge unscathed in chips shortage

//Electric cars may get the chance of a lifetime to replace petrol guzzlers faster as they emerge unscathed in chips shortage

Electric cars may get the chance of a lifetime to replace petrol guzzlers faster as they emerge unscathed in chips shortage

The worldwide shortage in semiconductor chips has wreaked havoc on the global automotive industry, with car makers from Ford Motor to Volkswagen forced to scale back production, but the crisis is proving an opportunity for one small segment of the industry: China’s electric vehicle makers.Chinese assemblers of new energy vehicles (NEVs), as they are known, like NIO, Xpeng and Li Auto say they have secured enough chips to keep their production lines going for the foreseeable future, and may even…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-06T11:00:12+00:00 March 6th, 2021|Business|Comments Off on Electric cars may get the chance of a lifetime to replace petrol guzzlers faster as they emerge unscathed in chips shortage