Hyundai Motor (47.6, – 1.87, – 3.78%) announced on Wednesday that its Yashan factory, which had been shut down for a time, would resume production on the same day as the supply of auto chips returned to normal.
Yashan factory, which makes yazun and Sonata models, stopped production for two days last week and another two days this week due to the shortage of semiconductor chips. It is estimated that the two production stops will reduce the production by about 4100 vehicles.
As the global chip shortage continues, a number of South Korean car companies have been forced to stop production recently. Hyundai’s Yushan No.1 Factory, which produces Kona and enikrypton 5, stopped production from July 7 to 14; two factories of General Motors (55.77, – 2.11, – 3.65%) in South Korea stopped production from January 19 to 23; and the pingze factory of Ssangyong stopped production from August 8 to 16.