Loading...
Market
What will be the impact on Skydio's production output due to Chinese sanctions by end of 2024?
2
Resolution / Starting Odds
Production increases • 25%
Production remains stable • 25%
Production decreases • 25%
Production halts • 25%
Official reports from Skydio or major news outlets
Story
China Sanctions Skydio, Halts Batteries to US Drone Maker Supplying Ukraine
Oct 31, 2024, 08:20 AM
China has imposed sanctions on Skydio, the largest US drone manufacturer and a supplier of intelligence-gathering drones to Ukraine's military, leading to a supply chain crisis for the California-based company. The sanctions, announced on October 11, include banning Chinese organizations from providing Skydio with critical components such as batteries. In retaliation for the US approval of the sale of attack drones to Taiwan, Skydio is now limiting customers to one battery per drone due to the supply constraints. The issue has been escalated to the Deputy Secretary of State and the White House. Skydio's CEO, Adam Bry, stated that they will develop battery supply outside of China and share their work with Western peers to reduce dependency on Chinese supply chains.
View original story
Similar markets
Increase in market share • 25%
Decrease in market share • 25%
No significant change • 25%
Skydio exits market • 25%
DJI Innovations • 25%
EHang Holdings • 25%
Yuneec International • 25%
Other • 25%
Diplomatic negotiations • 25%
Economic sanctions • 25%
Legal actions in international trade bodies • 25%
No significant action • 25%
Significant decline in exports • 25%
Moderate decline in exports • 25%
No significant change in exports • 25%
Increase in exports • 25%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
No Significant Impact • 25%
Negative Impact • 25%
China's market share increases • 25%
China's market share decreases • 25%
China's market share remains the same • 25%
Inconclusive data • 25%
Department of Commerce • 25%
Department of State • 25%
Department of Defense • 25%
Other • 25%
Secures new supplier outside China • 25%
Develops in-house battery production • 25%
Reduces production or sales • 25%
Receives government intervention • 25%
Company A • 25%
Company B • 25%
Company C • 25%
Other • 25%