World Business Watch: Hyundai to suspend production in South Korea due to chip shortage

WION Video Team | Updated: Mar 30, 2021, 12:00 PM IST

Hyundai of South Korea plans to temporarily suspend production at Ulsan No.1 plant due to chip shortage between April 5 and April 13. The affected Ulsan factory produces 311,000 vehicles annually including the Kona Electric and Ioniq 5.