Welcome to the Hyperdrive daily briefing, decoding the revolution reshaping the auto world, from EVs to self-driving cars and beyond.
Chen Yudong, the head of Bosch in China, started his speech at a forum in April with an apology aimed at automakers. Chen said the supplier had tried its very best to make more semiconductors but, just couldn’t churn out enough for everybody. He was sincere, though Bosch isn’t really the party at fault (even if Elon Musk would beg to differ). To the contrary, the companies in China that have made the chip shortage even worse by hoarding and inflating prices have remained silent. They may soon face the consequences.