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

South Korean carmaker Hyundai Motor Co announced on Monday that it will temporarily halt operations at its US plant for three weeks, starting June 14, because of shortage of semiconductor chips and will conduct maintenance routine during this time. 


Hyundai Motor’s Alabama plant will stop functioning for a week from June 14 to July 11, with the last two weeks reserved for maintenance work at the plant, a company spokesman claimed, according to media reports.


The company has temporarily halted some of its plants in Korea as well due to shortage of chips. Another Korean carmaker Kia Corp, partly owned by Hyundai, temporarily halted work at its US plant and domestic plant in Gwangmyeong in May.


 Kia said it is considering replacing the current three-shift system at its Georgia plant with a two-shift system, possibly by this week.


Hyundai suspended work at its Indian unit in the Tamil Nadu for five days from May 25 amid rising number of COVID-19 cases and to ensure safety of its workers. 

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