China’s Automotive Manufacturing Supply Chain Impact

China’s efforts to curb the latest COVID-19 outbreak have resulted in the tightening of restrictions in several Chinese provinces and cities. As a result, many electronics and auto giants have suspended production in the Chinese manufacturing hubs straining the global battery supply chain. The automotive industry faces a potential impact as the export of essential car components is halted, resulting in production issues. The latest surge in COVID-19 cases has also added pressure to the steel industry. The pandemic restrictions have disrupted steel production as companies in the top steel-producing region are forced to halt production for mass testing.