Chip shortages, car sales in China and Europe have declined due to the Covid system

SHANGHAI / BERLIN – Car sales in China and Europe remained disappointing compared to last year’s levels as semiconductor shortages and anti-epidemic measures weighed on global auto markets, data showed on Thursday.

According to the Chinese Passenger Car Association, according to the Chinese Passenger Car Association, Chinese retail car sales increased from April to May but were still 16% lower than last year, calling for more government support for the industry.

In Europe, data from auto consultancy JATO shows that new car sales in Europe are down 20%, with plug-in car sales – in recent months automakers have become more resilient to supply chain problems due to the preference for electric car production – also 1.4% less.

Although sales of battery-electric vehicles have risen, sales of plug-in hybrid electric vehicles have fallen by 15%, the environmental credentials of which are coming under increasing scrutiny from European regulators.

Overall, car sales in China in the first quarter were 0.2% higher than last year, Chinese data show. In contrast, Europe’s year-to-date sales were down 13%, their second-lowest level since 1991, according to JATO figures.

Nevertheless, further economic data from China paints a picture of disgrace from the anti-epidemic system and only a partial economic recovery.

Last week, both road freight and express delivery from the distribution center were stronger than a month ago, but still sharply lower than last year, according to Nomura Global Economics.

Chinese electric vehicle maker Xpeng is accelerating deliveries after resuming double-shift production at its plant in the southern city of Zhaoxing in mid-May, company chairman He Xiaoping told analysts this week.

Tesla added a second shift to its Shanghai plant on Thursday, moving toward making 2,600 cars a day, a source familiar with the matter said.

Tesla did not immediately respond to a request for comment.

(Reporting by Zhang Yan and Brenda Goh; Victoria Waldarsi in Berlin; Editing by Muralikumar Anantraman, Bradley Peret and David Evans)

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