[AFS: China accounts for nearly 20% of the cumulative production reduction in the global auto market this year] according to foreign media reports, according to the latest data from AutoForecast Solutions ((hereinafter referred to as AFS), as of October 24, due to a shortage of chips, the global auto market has lost a total of 9.74 million vehicles this year, an increase of about 114000 over the previous week. Among them, the cumulative production reduction in China's automobile market has reached 1.863 million vehicles, accounting for 19.1% of the total production reduction. AFS expects cumulative production cuts in the global car market to climb to 10.943 million this year.
Chip crunch helps Malaysian packaging companies to give priority to customers : either place orders early or pay more _SMM metal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metal.com Daily Mail and Mail on Sunday newspapers.