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The COVID-19 surge in Shanghai may dampen consumer confidence and have an impact on the future car sales in China
Due to insufficient production capacity, NavInfo’s MCU revenue currently accounts for a relatively low proportion in its overall revenue
Jiading District, in northwestern Shanghai, known as China’s auto-making highland, has allowed mostly automobile manufacturers to resume production in the first group after the COVID-19 lockdown.
Unpredictable risks this year in 2022 have brought tremendous pressure to the Chinese automobile market and its supply chains. Government departments and carmakers are working together to come up with solutions.
Leading Chinese technology executives are warning that all automotive and other technology OEMs in China may have to shut down in May if the suppliers in Shanghai and adjacent areas could not find a way to resume work and production.
The chip shortage, especially of MCU, for the automotive has also given more opportunities to new Chinese MCU providers. NavInfo is such an example.
iFLYTEK said that it has big market potential for both its educational tablets and automobile products.
Industry insiders believe that the chip shortage will gradually be alleviated, and the global semiconductor industry has changed from“comprehensive shortage” to “structural shortage”.