The effects of the lockdown in China on the Brazilian automotive industry

The effects of the lockdown in China on the Brazilian automotive industry

The new Covid outbreak in China, which resulted in lockdown in the largest port in the world, in Shanghaihas even affected the Brazilian automotive industry, says the Electric Energy Commercialization Chamber.

According to the entity, which monitors fifteen branches of economic activity, the energy consumption The vehicle sector in Brazil had resumed growth this year, after a fall that began in October 2021 — but then fell again after the Chinese port closed.

In February, energy consumption in the automotive industry rose 3% and 1.6% in March, but fell 1.9% in April, shortly after the port of Shanghai closed.

As restrictions in the region brought a series of challenges to imports, the delay of goods and the worsening of the semiconductor supply constraint forced the automakers to slow down the pace of production resumption, points out the CCEE.

Earlier this week, Shanghai officials announced that the megalopolis should allow normal life to resume from June 1, after new Covid cases have been brought under control in most districts of the city.

Source: See

Related post

Taiwan’s overseas minister says China is planning to invade the island

Taiwan’s overseas minister says China is planning to invade…

Wu said Beijing intends to establish its dominance in the Western Pacific and annex Taiwan. The Minister of Foreign Affairs of…
Males, from the Southeast and nonetheless crawling: examine exhibits profile of Brazilian fintechs

Males, from the Southeast and nonetheless crawling: examine exhibits…

Research by the Brazilian Association of Startups and Deloitte shows main characteristics of finance startups in the country Although they represent…
Poverty reaches a document of virtually 20 million in Brazilian metropolises

Poverty reaches a document of virtually 20 million in…

Number of 19.8 million in 2021 is the highest in a decade; researchers see stimulus and difficulties in 2022 With the…

Leave a Reply

Your email address will not be published.