industry data, auto sales in China fell 12.4% in June from the corresponding
month a year earlier. The slowdown is due to a global shortage of
semiconductors in the world’s biggest car market.
the world are adjusting 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.
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.
Shihua, a senior official at CAAM, told in an online press briefing 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 auto market.
Sales of new
energy vehicles (NEVs) including battery-powered electric vehicles, plug-in
petrol-electric hybrids, and hydrogen fuel-cell vehicles maintained their
strength, through a 139.3% rise, with 256,000 units sold last month. NEV makers
such as Nio Inc, Xpeng Inc, and BYD are expanding manufacturing capacity in China,
encouraged by the government’s promotion of greener vehicles to cut pollution.
CAAM said last month, that
China’s annual NEV sales are expected to grow more than 40% in the next five
years. U.S. electric vehicle maker Tesla Inc sold 33,155 China-manufactured
electric cars in June.
Source: News 18
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