Sumary of Hyundai expands plant suspension on chip shortage:
- Hyundai will halt the operation of the Asan plant, 100 kilometers south of Seoul, which produces the Grandeur and Sonata sedans, from Monday to Tuesday, a company spokesman said over the phone..
- 1 plant in Ulsan, 414 km southeast of Seoul, which produces the IONIQ 5 all-electric car and the Kona subcompact SUV, due to a lack of chip parts from April 7-14..
- The suspension comes amid a lack of semiconductor parts used in the Kona’s front vehicle camera system and a problem in Hyundai Mobis Co.’s production line, which rolls out the traction motor for the IONIQ 5..
- With the production suspension, the company expects production losses of 6,000 units of the Kona and 6,500 units of the IONIQ 5….