Caixin
Apr 16, 2022 04:07 AM
BUSINESS

China’s Auto Industry May Grind to a Halt Amid Shanghai Lockdown

Strict virus control restrictions have slammed local businesses as a vast number of semiconductor and auto manufacturing lines were forced to suspend or reduce production
Strict virus control restrictions have slammed local businesses as a vast number of semiconductor and auto manufacturing lines were forced to suspend or reduce production

China’s technology and auto industries will pay a heavy toll because of supply chain disruptions if the stringent pandemic lockdown measures in Shanghai persist, business executives warned.

“If Shanghai cannot resume production by May, all of the tech and industrial players that have supply chains in the area will come to a complete halt, especially the automotive industry,” Richard Yu Chengdong, consumer and auto division head of Huawei Technologies, said in a WeChat post. “That will pose severe consequences and massive losses for the whole industry.”

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