Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Hyundai to again suspend key plant over chip shortage

Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Hyundai Motor said on Friday that it will again suspend the Sonata-producing plant in South Korea for two days next week due to an electronic parts shortage.

Hyundai will halt the operation of the Asan plant, 100 kms south of Seoul, which produces the Grandeur and Sonata sedans, on Monday and Tuesday, a company spokesman said over the phone.

Hyundai has seven domestic plants – five in Ulsan, one in Asan, and one in Jeonju – and 10 overseas plants – four in China and one each in the US, the Czech Republic, Turkey, Russia, India, and Brazil. Their combined capacity reaches 5.5 million vehicles.

The company already suspended the Asan plant on Monday and Tuesday of this week due to the lack of powertrain control units, reports Yonhap news agency.

It expects the four-day suspension will result in more than 4,000 vehicles in production losses.

The country’s biggest carmaker also suspended the No. 1 plant in Ulsan, 414 km southeast of Seoul, which produces the IONIQ 5 all-electric car and the Kona subcompact SUV from April 7-14 due to a parts shortage.

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.

Hyundai expects production losses of 6,000 units of the Kona and 6,500 units of the IONIQ 5.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic