Author: Lalita
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China’s auto sales decline in Jun’21 due to chip shortage
Automobile sales in China fell by 12.4% m-o-m to 2.01 million units in Jun’21 as compared with 2.30 mn t in Jun’20, according to latest figures released by the China Association of Automobile Manufacturers (CAAM). Global shortages of semiconductors (processor chips) have hit auto production and sales in the world’s leading car market. China’s auto…