[Concall] Hyundai Motor "Semiconductor Supply Shortage to Remain Similar in May... Production Adjustments Expected"

[Asia Economy Reporter Ki-min Lee] Seoganghyun, Vice President and Head of Finance at Hyundai Motor Company, stated during the Hyundai Motor Q1 earnings conference call held on the 22nd, "We have been managing semiconductor parts at the company-wide level to minimize production disruptions," adding, "Operations continued without large-scale shutdowns in Q1, so the impact on production disruptions was minimal."

However, he said, "Due to external factors affecting the recovery of automobile demand, difficulties in semiconductor supply and demand are becoming prolonged," and "shutdowns have already occurred at the Ulsan plant, Asan plant, and some overseas plants." He also added, "May is expected to be at a similar level to April, and we anticipate further production adjustments, so we are responding accordingly," and "We will strive to minimize production disruptions through adjustments to production plans."