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China Auto Sales Plunges 12.4 Percent Due to Chip Shortage, Manufacturing Delays
News18
6 hours ago
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China Auto Sales Plunges 12.4 Percent Due to Chip Shortage, Manufacturing Delays
Auto sales in China fell 12.4% in June from the corresponding month a year earlier, industry data showed on Friday, as a global shortage of semiconductors hit autos production in the world’s biggest car market. Automakers around the world have had to adjust assembly lines due to the auto-chip shortage, caused by manufacturing delays that some semiconductor makers blame on a faster-than-expected recovery from the coronavirus pandemic.
China’s overall sales stood at 2.02 million vehicles in June, according to data from the China Association of Automobile Manufacturers (CAAM). The country sold 12.89 million vehicles between January and June, up 25.6% from year-ago levels. ....

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