Cost pressure on the automotive industry supply chain, multiple multinational car companies adjust production schedules.

Recently, the tense situation in the Strait of Hormuz continues, with a decrease in regional navigation efficiency, rising maritime costs and international oil prices, which have spread from the energy sector to the global automotive industry chain, triggering a chain reaction. Focusing on the automotive industry, high oil prices have led to longer logistics cycles and increased insurance costs due to detours on multiple shipping routes, exacerbating the risk of shortages in car parts, affecting the ability of car manufacturers to produce enough and deliver on time. As of April 9, several multinational car companies including Toyota, Nissan, Tata Motors, Maruti Suzuki, and Hyundai India have postponed shipping vehicles and parts to the Middle East and North Africa regions, adjusting production rhythms in some factories to deal with supply chain fluctuations and avoid soaring risks and high additional costs. Chai Xiaodong, Director of the Economic Research Center for the Travel Industry, believes that under the double squeeze of fuel and logistics costs, there is a temporary tilt in the global automotive consumption structure, further highlighting the cost advantage of new energy vehicles. He believes that for China's automotive industry, which is deeply integrated into the global market and steadily expanding overseas, the regional shipping blockade has brought short-term logistic, cost, and payment pressure, while also creating new competitive references in the market restructuring, testing the resilience and diversified layout of the global automotive supply chain.