Chinese carmakers see overseas sales double as global chip shortage hits US, European rivals harder

Source: China – South China Morning PostChinese carmakers became beneficiaries of a global shortage of semiconductors, with their outbound shipments more than doubling as American and European rivals fell behind.Mainland vehicle manufacturers exported 760,000 units between January and May, up 103 per cent from a year ago. Their performance was buoyed by a strong recovery in production arising from successful containment of the Covid-19 pandemic, said Cui Dongshu, secretary general of the China Passenger Car Association (CPCA).The…Read More

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