According to several researches, it seems that the forecast of light vehicle production in 2022 is 81.60 million units. This number is increasing by 6.0% from 2021. However, it is decreased by 0.9 million units from the forecast in the first quarter of 2022. This is because most of automotive manufacturers are still facing the problem, which is the shortage of semiconductors.

In fact, our media reported that Toyota, which is well-known for precise production, decreased its production twice in 2021. Therefore, it implies us that chip shortage is still existing and affects the market longer than our initial thoughts.

What’s more, the lockdown in China in the first half of 2022 had a huge impact on the production. As we know, China is called “world factory” and many automotive makers have their factories in China. However, due to the strict control policy against COVID-19, most of them were forced to halt during the period. As a result, the forecast of light vehicle production is decreased compared to the first quarter of 2022.

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