Category: CRC
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IC chips crunch, high steel prices hit China’s auto sector
Over May 1-20, China’s 11 major automakers produced 983,000 vehicles, according to new data from the China Association of Automobile Manufacturers (CAAM), representing an on-year fall of 10.7% which it blamed on the shortage of auto semiconductors and on robust input materials prices. The carmakers report their output statistics to CAAM every ten days which…