(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)
China's industry ministry said on Tuesday it met with automotive and chip companies and asked them to help ease a supply shortage which has forced many automakers across the world to halt production.
The Ministry of Industry and Information Technology urged companies to "place high importance on" and "increase production capacity allocation" for China's auto market, the world's biggest, according to a statement on its website.
It did not name which companies attended the meeting.
The ministry also asked the firms to improve logistics efficiency and supply chain coordination to support the industry's development, according to the statement.
An acute shortage of chips since the end of last year, which in some cases has been exacerbated by the former U.S. administration's sanctions on Chinese chip factories, has hit the automotive sector particularly hard.
Automakers from General Motors to Stellantis and Honda Motor are shutting assembly lines due to the shortages, while some firms have also furloughed staff.
Asian chipmakers are rushing to expand their production capacity to appease the global shortage, but firms warn it may take months to plug the supply gap as they struggle to keep up with strong demand.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath