https://www.relawding.com/electrifying-the-automotive-industry/?utm_source=rss&utm_medium=rss&utm_campaign=electrifying-the-automotive-industry Legal, Business and Financial News | UK & Cyprus Wed, 10 Mar 2021 14:10:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://www.relawding.com/electrifying-the-automotive-industry/#comment-45 Wed, 10 Mar 2021 14:10:37 +0000 https://www.relawding.com/?p=3159#comment-45 […] One sector that has been hit particularly hard by the chip shortage, was the automotive industry. At the same time that demand for electronics soared, COVID-19 saw a drop in vehicle sales in spring 2020. Automakers scaled back on chips that are needed for a range of functions within vehicles – some examples include mobile phone integration and autonomous driving aids. Electronics account for roughly 40% of a car’s value according to a comprehensive analysis from Deloitte. Chips are of particular importance for electric vehicles, sales of which are on the rise. […]

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