Carmakers in China produced 2.08 million units in September, up by 20.4% month on month but down by 17.9% year on year, CAAM data shows. Similarly, sales amounted to 2.07 million units last month, an increase of 14.9% month on month but down by 19.6% from a year earlier.
A lack of semiconductor chips continued to choke car production in September, though the shortage eased somewhat, allowing for output to grow from a month earlier. But a high comparison base in September 2020 resulted in declines on an annual basis, CAAM said.
China’s “dual control” energy-consumption policy also constrained car production, the association added.
The country’s output and sales of new energy vehicles (NEVs) hit new record highs in September. Production of NEVs in China rose by 14.5% month on month and 148.4% year on year to 353,000 units last month. Sales of such vehicles rose by...