One of General Motors’ China’s joint ventures said on Wednesday it is developing auto chips and aims to increase use of locally sourced chips in the next five years.
SGMW did not say whether it is merely designing chips or is also participating in chip-manufacturing but said it would boost cooperation with Chinese manufacturers to improve quality and economy of its chips.
A prolonged global shortage of semiconductor chips has affected major automakers including Ford Motor Co, Honda Motor Co, and Volkswagen AG, forcing many to idle or curtail production.
SGMW is also developing battery-swapping stations for its micro electric vehicles, it said at the World New Energy Vehicle Congress.
• Reuters and Jim Pollard