13
May
12:41
Chip shortage suppresses Chinese automobile production
Due to the lack of chips, China’s monthly automobile production fell in April, although new energy vehicle output remained strong. 2.23 million units were produced, up 6.3% year-on-year, but down 9.3% month-on-month, according to data from the China Association of Automobile Manufacturers (CAAM).
The total production in January-April was boosted to 8.59m units, up 53.4% y-o-y, Kallanish notes. The annual growth rate dropped rapidly from last month&rsquo…
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Anonymous
Very good overview of the weekly steel market.
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