Honda will keep three car plants in China closed for two weeks due to a semiconductor shortage, exacerbating supply chain issues.
Honda Motor has announced that it will keep three car plants in China closed for an additional two weeks due to a semiconductor shortage, further highlighting ongoing supply chain challenges, as reported by Reuters.
The factories, operated in partnership with Guangzhou Automobile Group, were initially scheduled to restart this week but will now resume operations on January 19, according to the company.
This disruption is attributed to delayed chip shipments from Nexperia, a Dutch subsidiary of the Chinese firm Wingtech, which has compelled several automakers to reduce production in recent months.
In related news, Xiaomi has raised its 2026 electric vehicle delivery target to 550,000 units, a 34 percent increase from last year's 410,000 sales, as reported by Caixin.
Founder Lei Jun stated that this ambitious goal reflects the company's confidence in its brand expansion, despite facing competition and safety concerns following a fatal crash involving a Xiaomi sedan operating with its autopilot engaged.
Xiaomi, primarily known for its smartphones and consumer electronics, entered the electric vehicle sector in 2021 with a US$10 billion investment and has rapidly emerged as one of China's fastest-growing car manufacturers.
