Chinese carmakers sidestep chip shortage troubles to grow sales, market share at the expense of global rivals

//Chinese carmakers sidestep chip shortage troubles to grow sales, market share at the expense of global rivals

Chinese carmakers sidestep chip shortage troubles to grow sales, market share at the expense of global rivals

Chinese carmakers sold more vehicles and grabbed more market share from their rivals at home in the first half this year by adopting a flexible supply chain management to sidestep an acute chip shortage plaguing the industry.Local proprietary vehicle brands increased their market share to 43.1 per cent in July from 36.5 per cent in January, according to Fitch Ratings in a report published on Tuesday. That translated into total deliveries of more than 6 million units in the first half of this…

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By | 2021-09-09T07:30:51+00:00 September 9th, 2021|Business|Comments Off on Chinese carmakers sidestep chip shortage troubles to grow sales, market share at the expense of global rivals