Hyundai to Suspend IONIQ 5 Production on Chip Shortage
SEOUL, March 30 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will suspend production at a domestic plant that produces the IONIQ 5 all-electric model due to a chip shortage. Hyundai plans to halt the operation of the No. 1 plant in Ulsan, 414 kilometers southeast of Seoul, which also produces the Kona subcompact [...]