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