German auto parts sector rushes to get China exemptions for Nexperia chip exports

Automotive suppliers were rushing for exemptions to Chinese export restrictions on Nexperia chips on Monday, hoping for a political solution to a trade stand-off that has caused alarm over possible production stoppages in the car industry.

A fight over Nexperia, which makes large volumes of basic chips used in cars, threatens to halt car assembly lines after the Netherlands seized control of the Dutch company due to concerns about its Chinese parent Wingtech.

Fuelling hopes for a political solution, China said on Saturday it would consider exemptions…