Trending

Stories

China Incurs 1 Mn EV Shortfall Due to Chip Shortage in 2022

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

The global chip shortage is set to send China’s EV industry into a partial freeze in the first half of 2022, as there will be a shortfall of at least 1 million electric cars amid the soaring demand.

According to South China Morning Post, the companies can produce enough semiconductors, microcontroller units, and high-end chips with artificial intelligence (AI) processors for 4 million new energy vehicles (NEVs) in China in 2022.

Also Read

“The shortage of automotive chips that had hindered the growth of the car market has yet to ease,” the CPCA said in a research report.

“The bestselling models still need chips to reinforce their production, and get their backlog of orders executed.”

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

This summer’s resurgence of Covid-19 around Southeast Asia disrupted production at several chip foundries.

“China is beginning to feel the brunt of the disruptions, at a time when car owners are being encouraged to ditch their petrol-guzzling cars for pure electric, plug-in hybrid and fuel-cell cars to help the nation achieve carbon neutrality in 2060,” said the report.

In November, due to the supply shortage, Tesla’s Shanghai-made Model 3 and Model Y vehicles were being shipped with USB ports that can only be used for charging, not for data transfer.

Amid the global chip shortfall, the South Korean tech giant Samsung believes that the chip shortage will continue up until the second half of 2022.

The issue was discussed by TM Roh, the president of Samsung Mobile, during a meeting with senior executives and executives from over 30 of its major smartphone component suppliers, reports TheElec.

Samsung is taking multiple steps to mitigate the shortages. The firm is going to push for annual contracts with chip foundries to secure the chip production capacity.

Meanwhile, Qualcomm CEO Cristiano Amon said that the chip shortage is gradually easing and the situation is expected to improve next year.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS
Nothing Phone Enters US with Beta Membership Program Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India