Romania’s vehicle industry grew in 2022 since the pandemic started as a result of COVID-19. In 2020, the industry went through a decline in both the imports and exports of vehicles, consisting of passenger cars and accessories. The vehicle industry of Romania accounted for total imports of $10.3 billion in 2021 and $8.2 in 2020 […]
Tag: Automotive Industry
Key Highlights: Semiconductor shortage have impacted automobile industry the most Production levels of major automobile manufacturers have been slacked Automotive industry in India have found another way to tackle the shortage Improvement in the ‘shortage situation’ is expected to commence in Q2-2022 The global shortage of semiconductor chips has caused a pavement of risks and […]
CNG & LPG are the alternative fuels while petrol and diesel are still used as primary energy sources, but there have been major shifts after the last year’s pandemic. Conventional fuels – petrol and diesel, accounted for the EU’s market share of 75.5% in 2020, as per European Automobile Manufacturers Association (ACEA). According to the […]
Key Points: Automotive chips shortage fostered 6-7 million fewer vehicles production globally COVID-19 bestowed upon the global crisis of semiconductor shortage in 2021 Commodities’ dependency on chips will result in an impacted global trade state “European Chips Act” and Intel Corporation investment will reduce chips shortage Global semiconductor shortages have outgrown themselves since the pandemic. […]