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Chips shortage leads to lower auto output in China in May

ABSTRACT

Shortly after the announcement from Toyota on lowering output in June because of auto semi-conductors supply shortage, auto production among China’s 11 major automakers under the survey of the China Association of Automobile Manufacturers (CAAM) also posted a 10.7% on-year decline to 983,000 units over May 1-20 for the same reason, market sources noted.
“Auto production is still troubled by the chips supply shortage, and this may well last throughout the rest of this year. We have reached out to our upstream suppliers and enhanced the coordination, but some time will be needed to solve the issue,” said an official from a Shanghai-based automaker, adding that actual sales

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