AUTOMOTIVE NEWS CHINA

Chip producers were only able to meet about 20 percent of automotive orders in July and despite some improvement in August, more than half of the demand still couldn’t be satisfied.

Chinese automotive brands boosted their collective share of the domestic light-vehicle market to 43.3 percent in the first three quarters of the year, up 6.7 percentage points from the same period in 2020.

The widespread semiconductor shortage and resulting inventory squeeze sent China sales of new vehicles slumping for a fifth consecutive month in September, with volume shrinking 20 percent to below 2.07 million in the latest period.

General Motors’ deliveries in China dropped 19 percent to 623,000 in the third quarter, marking the automaker’s first sales decline in the key market this year.