CHINA AUTO: Output, sales decline in June on sustained chip shortage

By IM Staff
Published: Tuesday, 13 July 2021

Chinese automobile production and sales continued to decline in June - both month on month and year on year - amid a sustained global shortage of semiconductors, the China Association of Automobile Manufacturers (CAAM) said last week.

But the new energy vehicle (NEV) segment continued to strengthen last month, with sales notching a new record high.

China’s NEV output increased by 14.3% from May to 248,000 units last month; this is also a year-on-year jump of 134.9%. Similarly, sales rose by 17.6% month on month and by...

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