Caixin
Mar 01, 2022 07:20 PM
BUSINESS

China’s Car Chip Supply Still Falling Short, Industry Official Says

What’s new: China’s acute shortage of car chips is gradually easing as chipmakers ramp up production, but demand still outstrips supply, a senior industry official signaled on Monday.

That could continue to affect production schedules for cars and their parts, Xin Guobin, Vice Minister of Industry and Information Technology (MIIT), said at a briefing (link in Chinese) Monday.

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