Red Sea crisis spreads to Tesla, Volvo partially suspends production

2024-01-12 23:24:36

The United States, Britain and other countries launched air strikes once morest the Yemeni youth movement. The picture shows the explosion following the Yemen capital Sanaa was hit by an air strike on the 12th. (Photo/Xinhua News Agency)

[周刊王CTWANT] The Red Sea crisis is spreading. Electric vehicle manufacturer Tesla announced on the 11th that due to parts shortages caused by changes in transportation routes, it will suspend most car production at its German factory for two weeks starting from the 29th and lasting until February 11. Swedish carmaker Volvo also announced on the 12th that its factory in Belgium would also suspend production for three days due to delays caused by the Red Sea situation. The Yemeni “Youth Movement” frequently attacks ships in the Red Sea. In response, the United States and Britain launched air strikes on multiple facilities of the rebel group in Yemen on the 12th. Shipping giant Maersk said it hoped international intervention would help restore safety to the Red Sea waterway.

Maersk stated in a statement on the 12th that it hopes that international intervention and the strengthening of patrols by multinational navies will reduce the threat environment, allowing commercial ships to pass through the Red Sea and once once more use the Suez Canal as a gateway. Due to frequent attacks on commercial ships, shipping companies such as Maersk have blocked their operations through the Red Sea and instead detoured to Europe via the Cape of Good Hope in South Africa. However, ships detouring around the Cape of Good Hope will significantly lengthen transit times and impact the supply chain.

Tesla said in a statement on the 11th that following the Red Sea crisis caused changes in transportation routes, there was a gap in the supply of auto parts, which affected the company’s Gigafactory in Gruenheide, a suburb of Berlin, Germany, and it would temporarily suspend most of its production. . The factory is Tesla’s only electric vehicle factory in Europe, and Tesla is believed to be the first company to disclose such supply chain problems.

A Volvo spokesperson said on the 12th that due to delays in transmission delivery caused by the security situation in the Red Sea, the factory in Belgium will suspend production for three days. But the spokesperson also emphasized that Volvo’s car deliveries, production targets and another factory in Sweden have not been affected.

In addition to Tesla and Volvo, companies such as Chinese automaker Geely Automobile and Swedish home furnishing company IKEA have successively issued warnings of delivery delays. Analysts predict that more automakers may be affected by the Red Sea crisis in the future. Impact.

Sam Fiorani, vice president of AutoForecast Solutions, an international automotive data research organization, pointed out that automakers have long had a potential weakness, which is their high dependence on parts from Asia (especially China). Tesla is an example. The company Heavy reliance on China for battery parts, which need to be transported to Europe via the Red Sea, puts its production at risk.

Lu Daliang, spokesperson of the General Administration of Customs of China, said on the 12th that he is currently paying close attention to the obstruction of the Red Sea shipping channel. He said that the current normal traffic in the waters has been affected to some extent, adding instability and uncertainty factors to smooth shipping routes, international trade, and corporate interests.

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