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

Germany’s BMW has hinted at a production loss of 30,000 units to date and more potential cutbacks in H2 2021 due to the ongoing global semiconductor chip shortage.


Milan Nedeljkovic, who heads production at BMW noted to the media on Friday that the company’s outlook for the year remains critical as well. The German carmaker had assumed that it would recover any output loss later in the year since the industry was expecting an ease in chips supply.


BMW has had to halt production or suspend individual shifts at all its operations. This announcement follows closely with the company’s reports to media about ramping up its electrification plans and the launch of its new iX SUV. 


The company produced 18,000 electric vehicles (EVs) in 2020, nearly 8pc of total output. It plans to double EV production this year.

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