US Automotive Monthly Health Monitor Jan 2021 | Vol

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US Automotive Monthly Health Monitor Jan 2021 | Vol US Automotive Monthly Health Monitor Jan 2021 | Vol. 15 Key highlights Monthly Health Monitor Automotive Semiconductor/Chips shortage - Issue Automotive OEMs as well as parts suppliers have been unfavorably affected by the chip shortage issue worldwide, leading to plant shutdowns and production slowdowns “More production headaches could lie ahead for the auto industry as a semiconductor chip shortage complicates the recovery…suppliers Robert Bosch and German chipmaker Infineon [stated].…Global automakers have been caught off guard by the shortage of crucial semiconductors” – Economic Times, Feb 04 2020 Global Automotive Semiconductor Supply Chain(a) MCU/Power Tier-1 Automotive Foundry OSAT Semiconductor Suppliers OEMs Comprises of Comprises of Comprises of third Comprises of companies microcontroller IC party and original automotive vehicle (foundries) engaged chip manufacturers equipment (passenger cars, in designing, and power automotive part SUVs and light trucks manufacturing, semiconductors manufacturers and etc.) manufacturers testing and manufacturers(c) suppliers packaging of IC (integrated circuits), semiconductor devices and OSAT(b) Notes: (a) The players list is indicative and might not be exhaustive; (b) Refers to outsourced semiconductor packaging, testing and service providers; (c) Refers to semiconductors operating under high voltages Sources: Third party sources; all accessed in Feb 2021 © 2021 KPMG Global Services Private Limited, a company incorporated under the laws of India and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited (“KPMG International”), a private English company limited. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. 2 Monthly Health Monitor Automotive Semiconductor/Chips shortage – OEMs Plants impacted (1/3) (a) Automotive plants impacted (shutdown/production cuts) by chip shortage North American plant Estimated OEM Impact on production Vehicles built name units lost Equinox, Onix, San Luis Potosi, Mexico • Down in Feb. and March 19,500 Terrain Fairfax, US • Down in Feb. and March 14,800 XT4, Malibu Ingersoll, Canada • Down in Feb. and March 10,900 Equinox GM Ramos Arizpe, Mexico • Down 2 weeks in Feb. 8,200 Blazer, Equinox Bowling Green, US • Down 2 weeks in Feb. 2,000 Corvette Orion Twp, US • Down 1 week in Feb. 1,200 Bolt, Cruise AV • Shut Jan 11 through Feb 7 Louisville Truck, US 25,700 Escape, Corsair • Shut late Feb and early March • Slow restart pushed back to Oakville, Canada 8,700 Edge, Nautilus Feb 8 • 2 days shortened in Jan Dearborn Truck, US 6,800 F-150 • Additional reductions in Feb • 2 of 3 shifts canceled for week Ford Chicago, US 4,700 Explorer, Aviator in Feb • 2 days shortened in Jan Kansas City Truck #2, US 4,000 F-150 • Additional reductions in Feb Kansas City Truck #1, US • Closed 1 week in Feb 2,600 Transit F-250-F-550, Kentucky Truck, US • Slow production in Jan 500 Expedition, Navigator Notes: (a) List is indicative and might not be exhaustive Sources: Third party sources; all accessed in Feb 2021 © 2021 KPMG Global Services Private Limited, a company incorporated under the laws of India and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited (“KPMG International”), a private English company limited. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. 3 Monthly Health Monitor Automotive Semiconductor/Chips shortage – OEMs Plants impacted (2/3) (a) Automotive plants impacted (shutdown/production cuts) by chip shortage North American plant Estimated OEM Impact on production Vehicles built name units lost Journey/Fremont, Toluca, Mexico • Down 4 weeks until Feb 15 18,600 Compass Pacifica, Windsor, Canada • Down 3 weeks starting Feb 8 14,900 Voyager/Grand Caravan 300, 300C, Charger, Bramalea, Canada • Down 3 weeks in Jan 11,300 Challenger Stellantis (FCA) Belvidere, US • Down 1 week in Feb 4,700 Cherokee Toledo, US • Reduced Jan output 2,800 Wrangler Toledo Supplier Park, US • Reduced Jan output 900 Gladiator • Reduced Jan-Feb-Mar Alliston #1, Canada 3,900 Civic production ILX, TLX, Accord, Marysville, US • Reduced Jan output 2,500 CR-V Honda Greensburg, US • Reduced Jan output 1,000 Civic, CR-V, Insight Odyssey, Passport, Lincoln, US • Reduced Jan output 900 Pilot, Ridgeline East Liberty, US • Reduced Jan output 800 MDX, RDX, CR-V Notes: (a) List is indicative and might not be exhaustive Sources: Third party sources; all accessed in Feb 2021 © 2021 KPMG Global Services Private Limited, a company incorporated under the laws of India and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited (“KPMG International”), a private English company limited. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. 4 Monthly Health Monitor Automotive Semiconductor/Chips shortage – OEMs Plants impacted (3/3) (a) Automotive plants impacted (shutdown/production cuts) by chip shortage North American plant Estimated OEM Impact on production Vehicles built name units lost • Loss of 4,900 Tundras in Jan and 5,600 in Feb Toyota San Antonio, US 13,400 Tundra, Tacoma • Loss of 2,700 Tacomas in Jan and 200 in Feb San Jose Chiapa, Mexico • Reduced shifts in Jan and Feb 5,800 Q5 VW Golf, Jetta, Taos, Puebla, Mexico • Jetta adjustments from Mar 5 1,900 Tiguan Renault- Altima, Frontier, NV, Canton, US • Specific workdays affected 2,300 Nissan Titan CX-30, Mazda2, Mazda Salamanca, Mexico • Reduced Q1 output 6,100 Mazda3 • Reduced Jan output (Shutdown Impreza, Legacy, Subaru Lafayette, US Jan 29) 20,200 Outback, Ascent • Expected losses in Feb Tesla - • Impact not recorded yet NA NA “Tesla CFO Zachary Kirkhorn told investors during the company’s quarterly earnings call last month that the shortage as well as shipping port capacity “may have a temporary impact” on the automaker. In a public filing, the company said the impact of the shortage is “yet unknown,” saying an unavailability of any parts could impact production.” – CNBC, Feb 11 2021 Notes: (a) List is indicative and might not be exhaustive Sources: Third party sources; all accessed in Feb 2021 © 2021 KPMG Global Services Private Limited, a company incorporated under the laws of India and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited (“KPMG International”), a private English company limited. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. 5 Monthly Health Monitor Automotive Companies from diversified sectors and regions are stepping foot into the automotive sector indicating low barriers-to-entry, specifically within the EV suppliers space Companies best positioned for rapid EV penetration(a) (1/3) Estimated EV exposure Industry Company name Headquarters as a % of revenue 2020 2025 2030 CATL APAC 100% 100% 100% LG Chem APAC 28% 50% 65% Batteries Panasonic APAC 7% 5% 3% Samsung SDI APAC 29% 40% 50% Albemarle US 20-25% 30% 35% Axalta Coating Systems US <1% 3-5% 9-16% Ecopro APAC 48% 70% 90% Ganfeng Lithium Co APAC 80% 92% 94% Huayou Cobalt APAC 66% 77% 79% Iljin Materials APAC 47% 82% 91% Chemicals/ Materials L&F Co APAC 15% 75% 95% Posco Chemical APAC 15% 48% 55% PPG Industries US <1% 1-2% 4-7% Shanghai Putailai APAC 80% 95% 98% Umicore Europe 15% 30-40% - Yunnan Energy APAC 85% 97% 100% Zeon APAC 5% 20% 35% Analog Devices US 1% 3% 7% Cree US 5% 30% 50% Infineon Europe 7% 10-15% 15-20% Semiconductors Maxim US 3% 8% 17% NXP US 1% 2% 5% Rohm APAC 6% 10% 15% STMicro Europe 3% 7% 10-15% Notes: (a) The list is indicative and not exhaustive Sources: Third party sources; all accessed in Feb 2021 © 2021 KPMG Global Services Private Limited, a company incorporated under the laws of India and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited (“KPMG International”), a private English company limited. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International. 6 Monthly Health Monitor Automotive Companies from diversified sectors and regions are stepping foot into the automotive sector indicating low barriers-to-entry, specifically within the EV suppliers space Companies best positioned for rapid EV penetration(a) (2/3) Estimated EV exposure Industry Company name Headquarters as a % of revenue 2020 2025 2030 Freeport US 1-2% 3-5% 5-10% Glencore Europe 47% 44-50% 44-50% Metals & Mining Orocobre Oceania 63% 83% 91% SQM LATAM 21% 52% 63% Vale LATAM 18% 25% 25% Bizlink APAC 9% 20% 25% Chroma APAC 20% 28% 35% Delta APAC 2% 10% 14% Hon Hai/ Foxconn APAC 0% 12% 36% Tech & Hardware Sunon APAC 5% 15% 20% Sunwoda APAC 5% 15% 20% Tripod APAC 1% 3% 9% Quanta APAC 1% 5% 18% E.ON Europe 0-5% 0-5% 0-5% Iberdrola Europe 0-5% 0-5% 0-5% Power & Clean Tata Power India 0-5% 0-5% 0-5% Tech Eversource US 0-5% 0-5% 0-5% Sempra US 0-5% 0-5% 0-5% Enel Europe 0-5% 0-5% 0-5% New Fortress Energy US 0% 4% 8% Energy Petronet LNG India 0% 8% 19% Notes: (a) The list is indicative and not exhaustive Sources: Third party sources; all accessed in Feb 2021 © 2021 KPMG Global Services Private Limited, a company incorporated under the laws of India and a member firm of the KPMG network of independent member firms affiliated with KPMG International Limited (“KPMG International”), a private English company limited. All rights reserved. The KPMG name and
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