Overview
- Honda will halt all three Guangqi Honda plants in China from December 29 to January 2 and suspend output at domestic Japanese plants on January 5 and 6.
- The company cited continuing semiconductor shortages as the reason for the temporary shutdowns.
- Media reports connect the tight supply to fallout from Dutch government action involving Nexperia and subsequent export frictions with China.
- Honda has not named the Japanese factories affected, and some reports indicate operations could be scaled back through January 9 once production restarts.
- Shares fell about 1.5% in Tokyo after the news, and analysts say softer regional auto demand may also be influencing production plans.