CHINA-ECONOMY: SEMICONDUCTOR CHIP SHORTAGE AFFECTS CHINA'S AUTOMOBILE INDUSTRY

The China Association of Automobile Manufacturers stated (January 13) in a post that Semiconductor chip shortage issues will continue to disrupt China’s production of automobiles in the coming months.
The shortages last month led to a drop in vehicle production for a number of carmakers, including SAIC-Volkswagen Automotive Co. Ltd. and Guangqi Honda Automobile Co. Ltd. Vehicle output at SAIC-Volkswagen slumped by nearly a quarter in December to 125,800 units compared to November, while Guangqi Honda’s production dipped 1.3% month-on-month in the same period. GAC Toyota suspended a third production line in the southern city of Guangzhou due to chip supply issues.






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