Chip shortage and power crunch hit China auto sales in ‘Golden September’
BEIJING: China’s auto sales slumped 19.6 per cent in September from a year earlier, Reuters quoted industry data, as showing, falling for the fifth consecutive month, as a prolonged global shortage of semiconductors and a domestic power crunch disrupted production. This time of year, known as “Golden September, Silver October”, is usually a high point in sales for the industry, with consumers … Read more