Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Brazil could stop manufacturing more than 200,000 vehicles in 2021, according to a study presented by the National Association of Motor Vehicle Manufacturers (Anfavea).


According to the report published by Anfavea on Friday a study by Boston Consulting Group (BCG) and IHS Markit indicates that the lack of semiconductor chips that has paralyzed several factories in Brazil could lead to 260,000 fewer units leaving the production lines this year.


Anfavea reported that in H1 2021, the shortage of semiconductor chips in Brazil has caused a 130,000 units reduction in output and 30,000 more in the rest of South America.


According to the BCG, the rest of the world has stopped producing around 3.6 million cars so far, and by the end of the year, the loss could reach up to seven million units.

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