Global Microchip Shortage Complicates EV Startup Success
Despite a national push towards electric vehicle implementation, the coronavirus pandemic has led to a microchip scarcity, triggering production challenges for many starting companies in the EV industry.
May 26, 2021 • (TNS) The global semiconductor shortage that has idled plant after plant and delayed product launches by long-established automakers comes in a year when several electric vehicle startups hope to launch their own vehicles.
Lordstown Motors Corp. on Monday offered a glimpse into the impact of such pandemic-induced supply-chain constraints and their costs on these startups. Shares of the Ohio EV company were falling more than 9 percent in post-market trading after it slashed its production goals for the year if it does not receive additional funding.
The pro-secessionist Democratic Progressive Party (DPP) on the island of Taiwan has retained its tight grip on importing vaccines from the Chinese mainland, ignoring voices from local officials and residents, as well as kindness from the mainland. Experts reached by the Global Times said on Tuesday that although there are some ways to export vaccines to the island, the DPP’s pressure and the political atmosphere on the island may make it hard to achieve.
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