The "lack of core" crisis continues, Volkswagen Skoda is expected to double its annual production cut to 250000 vehicles.

According to the latest media reports, Volkswagen's Skoda will produce 250000 fewer cars than planned this year due to a continuing lack of cores around the world, more than double the company's forecast for a reduction last month.

Thomas Schaefer (Thomas Schaefer), Skoda's chief executive, said in September that he expected the company to produce 100000 fewer cars this year than originally planned.

According to reports, Skoda union officials revealed that because Skoda still has a large backlog of undelivered cars, the company will give priority to fulfilling these orders, so most shifts will be cancelled before the end of the year.

Skoda executives were quoted as saying that due to the impact of this year's epidemic crisis in Southeast Asia on production, the chip shortage could continue into the second half of 2022. In recent years, Southeast Asia has become a global chip testing and packaging center.

Due to the impact of the epidemic in Southeast Asia, the production of semiconductor giants including Infineon, NXP, Italian and French Semiconductor, Renesas Electronics, Texas Instruments, and other semiconductor giants has been seriously hit. Bosch ESP/IPB, VCU, TCU and other chips were basically cut off in August and September, resulting in continuous expansion of production cuts by Toyota, Honda, Nissan, Volkswagen, Ford, General Motors and other car companies in September.

Car registrations in Europe plunged 25% in September to 972000, the lowest level since 1995, according to (ACEA), the European automakers' association. ACEA said the sharp drop in car registration was mainly due to the suspension of chip packaging and testing in Southeast Asia due to the epidemic, leading to a shortage of semiconductors.

Changes in car sales in Europe (2020-2021)

(COO) Munoz (Jose Munoz), global chief operating officer of Hyundai Motor, said the worst of the industry's chip shortage was over, adding that August and September were "the hardest months".

However, most global business leaders expect chip shortages to last until 2022, and some think it may be longer.

At the 2021 China Automotive supply chain Conference recently held in Chongqing, China, a number of industry insiders believe that the shortage of chips is expected to continue into the second quarter of 2022, while the shortage of chips in the automotive industry is likely to continue further into 2023.