SAN FRANCISCO (Reuters) -The chief government of Lucid Group Inc on Wednesday expressed concern about chip provides from China because of COVID-19 pandemic-related lockdowns, including that the U.S. electrical automobile startup is taking measures to mitigate the influence.
“My greatest concern most likely is semiconductors from China and the influence of COVID in that a part of the world,” Lucid CEO Peter Rawlinson stated at a convention held by the Monetary Occasions.
He stated Lucid has distributed the placement of chip provides as a part of mitigation measures.
China’s “zero COVID” coverage has positioned tons of of thousands and thousands of individuals throughout dozens of cities underneath numerous levels of motion restrictions, most dramatically in Shanghai, inflicting vital financial injury in China and past.
Factories in Shanghai which might be making an attempt to return to full swing have had their efforts difficult by authorities within the metropolis tightening a lockdown to stamp out outbreaks of COVID-19.
Tesla’s plant in Shanghai was working nicely under capability earlier this week because of logistical and provide line points.
Reporting by Hyunjoo Jin; Enhancing by Mark Porter and Will Dunham
