BEIJING: China’s auto sales dropped 9.1% in November from a 12 months earlier, trade knowledge confirmed on Friday, for his or her seventh consecutive month-to-month fall as a protracted world scarcity of semiconductors disrupts manufacturing.
Overall sales in the world’s largest automobile market stood at 2.52 million automobiles in November, knowledge from the China Association of Automobile Manufacturers (CAAM) confirmed.
Sales of latest power automobiles (NEV) maintained sturdy momentum, rising 121% to 450,000 models in November, as the federal government promotes greener automobiles to chop air pollution.
These embrace battery-powered electrical automobiles, plug-in petrol-electric hybrids and hydrogen fuel-cell automobiles.
November sales had overwhelmed the affiliation’s expectations, stated an official of the physique, Chen Shihua as corporations benefited from falling costs of uncooked supplies and an easing of energy shortages that halted output at many factories in prior months.
But the scarcity of semiconductors will proceed to stress the auto trade in December, he added. – Reuters
