Employees work on the production line at Hefei Changan Automobile factory in Hefei in eastern Anhui province in February 2021. Photo: Xinhua
Employees work on the production line at Hefei Changan Automobile factory in Hefei in eastern Anhui province in February 2021. Photo: Xinhua
Autos

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

  • Home-grown vehicle brands increased their market share to 43.1 per cent in July from 36.5 per cent in January
  • Carmakers relied on alternative supplies and reduced chip usage in basic models to help sustain buoyant sales while improving their profit margins

Employees work on the production line at Hefei Changan Automobile factory in Hefei in eastern Anhui province in February 2021. Photo: Xinhua
Employees work on the production line at Hefei Changan Automobile factory in Hefei in eastern Anhui province in February 2021. Photo: Xinhua
READ FULL ARTICLE