The head of El-Saba Automotive Company and member of the Automotive Division of the Federation of Egyptian Chambers of Commerce, Alaa El-Sabaa, felt that the shortage of chip supplies for auto and subjects prime risks worsening and continuing to influence the Egyptian market.
Al-Saba said in an interview with “Al-Arabiya” who Advances in automotive technology have made it more dependent on smart chips, increased the depth of the crisis, which was accompanied by fantastic increases in the prices of materials prime shipping to the automotive industry, and this worsens with the length of the waiting period, the impact of ports and factories, the repercussions of the Corona pandemic and the shortage of workers and production.
He highlighted the announcement by some dealerships to block pre-orders for auto following the reduction of the quotas agreed with the parent companies due to the shortage of components, in addition to the crisis of the factories that did not import components for two months.
According to the latest statistics, the chip shortage crisis has affected the production capacity of Egyptian car factories between 40% and 50%, and the crisis has also affected the obsolete vehicle replacement initiative, which is witnessing a slowdown. in the delivery of auto .
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