Hyundai Motor's Asan plant reopened

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Hyundai Motor's Asan plant reopened

Hyundai Motor said Wednesday it has resumed production at a domestic plant for Grandeur and Sonata sedans after two days of suspension following eased chip supply shortages.
Hyundai Motor said in a regulatory briefing it reopened the plant in Asan, South Chungcheong, which went offline between Monday and Tuesday following a two-day suspension last week.
The company estimated production losses of about 4,100 production units this month due to the suspension.
The automaker also temporarily shut down the No. 1 Ulsan plant from April 7-14, which produces the Ioniq 5 and the Kona subcompact SUV, due to chip parts shortages.
Hyundai is one of several Korean automakers that faced output cuts in the wake of the global semiconductor shortage crisis, which particularly dealt a heavy blow to the automotive industry.
The Korean unit of General Motors decided to halt two of its three plants west of Seoul from April 19-23, and SsangYong Motor's Pyeongtaek plant was closed from April 8-16.
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