CHINA AUTO: Chip shortage hits vehicle output, sales in May

By IM Staff
Published: Wednesday, 16 June 2021

Chinese automotive production and sales figures both fell on a monthly and annual basis, although figures for new energy vehicles still increased, according to the data from the China Association of Automobile Manufacturers (CAAM).

By Zihuan Pan, Hui Li, Susan Zou, Yingchi Yang and Carrie Shi 

Carmakers produced 2.04 million units in May, down by 8.70% month on month and 6.80% year on year, while sales came to 2.13 million units, down by 5.50% from April 2021, and also down by 3.10% from...

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