CAAM: China’s auto output down 27% on year over Jan 1-10
Jan 15, 2021 15:00
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The auto production among China’s 15 major automakers declined 27.4% on year to 523,000 units over January 1-10, according to the latest data from China Association of Automobile Manufacturers (CAAM) on January 14, which was mainly due to the growing shortage of auto semiconductors and the manufacturers’ relaxation on output at the start of the year, according to market sources.
Supply shortage of auto chips has been affecting auto manufacturers worldwide, Mysteel Global learned from the market, and the Japanese automaker Toyota, for example, is facing the similar challenges as its Chinese rivals.
“The COVID-19 has not eased much in many overseas countries and the global producers of auto semiconductors such