Dec 09, 2021 08:22 PM

BUSINESS

Darkest Days of Car Chip Shortage Have Passed, Industry Group Proclaims

An automobile chip is displayed at the Automobile Exhibition area of the 4th China International Import Expo in Shanghai, on Nov. 8. Photo: VCG

An automobile chip is displayed at the Automobile Exhibition area of the 4th China International Import Expo in Shanghai, on Nov. 8. Photo: VCG

A Chinese automotive industry group has declared the worst of the global car chip shortage is over, saying that improved supply helped passenger car production grow 14% month-on-month in November, but noting the shortage will persist.

“The darkest days of automotive chip supply passed in the third quarter,” the China Passenger Car Association (CPCA) wrote in its latest monthly report (link in Chinese) released on Wednesday.

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