The lingering chip supply crunch could lead to a 5% year-on-year decline in production volumes for some carmakers in the first quarter this year, said UBS auto analyst Gong Min.
We highlighted that the supply chain disruption due to the Trade war initiated in 2018 and the pandemic just accelerate this.
Now that modern cars are c an iPhone with wheels, chips are just vital.
A new source of inflation is nested there!