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China car sales hit by chips shortage, down 12.4 per cent in June, but new energy vehicles still strong

Summary:
Car sales in China fell 12.4 per cent in June from the corresponding month a year earlier, industry data showed on Friday, as a global shortage of semiconductors hit production in the world’s biggest market.Carmakers 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 per cent from the same period a year earlier.Chen Shihua, a senior official at CAAM, said that the global auto-chip supply shortage hit China’s

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Car sales in China fell 12.4 per cent in June from the corresponding month a year earlier, industry data showed on Friday, as a global shortage of semiconductors hit production in the world’s biggest market.

Carmakers 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 per cent from the same period a year earlier.

Chen Shihua, a senior official at CAAM, said that the global auto-chip supply shortage hit China’s production hard last month, but given an overall economic recovery, CAAM is still moderately positive about domestic car market.

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