Due to the Coronavirus pandemic, the production and supply of auto parts have been affected. The shortage of auto parts and surge in price have been a big challenge for the auto industry revival. The price increase of electronic parts has been more obvious, and the price of MCU has been increased by 30% due to the difficulty of export and production from Japan and Korea, which were the core producers of MCU.
Affected by the pandemic, the auto sales have sharply decreased, some even decreased by 80%.
The car sales of April 2020 are only 142.9 million, down by 5.6% YoY, and the decreasing from Jan to Mar are respectively 21%,79%, and 40%. Regarding the future trend of the car market, it is estimated that domestic car sales will down by 15% if the pandemic can be well controlled, otherwise the decrease can reach 25%.
The auto manufacturing industry is characterized by a long supply chain, common cooperation, and big manufacturing. For better development of the auto industry in the long-term, it is necessary to establish a supply system with high efficiency and competitive edge, and this complete and strong supply chain system will be the big support for the auto industry.