China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

Global Times while quoting the executive vice president of the federation reported that "software, special raw materials&nbsp;and precision instrumentation" including industrial sensors which rely on imports will also be hit due to "natural calamities and man-made misfortune."&nbsp;

<a href="https://www.wionews.com/world/after-christmas-food-chocolate-bar-bounty-falls-prey-to-supply-chain-crisis-418620">Also Read:&nbsp;After Christmas food, chocolate bar Bounty falls prey to supply chain crisis</a>

The Chinese newspaper informed that country's auto&nbsp;sales and production fell for "five consecutive months" between May to September.

The chip shortage could also impact other sectors including the manufacturing of mobiles, home appliances and computers, it informed.

<a href="https://www.wionews.com/world/vietnam-lockdown-hits-iphone-delivery-shoe-car-companies-also-suffer-416794">Also Read:&nbsp;Vietnam lockdown hits iPhone delivery; shoe &amp; car companies also suffer</a>

The US government had earlier blacklisted China's biggest chipmaker Semiconductor Manufacturing International Corp (SMIC) over security concerns. SMIC recently announced it will open a semiconductor plant in Shanghai after announcing plans to build smaller semiconductor factories in Beijing and Shenzhen.&nbsp;

Reports claimed Apple was unlikely to meet its production target due to the global electronic chip shortage.

<a href="https://www.wionews.com/world/transport-chiefs-warn-world-leaders-and-un-about-incoming-collapse-of-global-supply-chain-417077">Also Read:&nbsp;Transport chiefs warn world leaders and UN about incoming collapse of global supply chain</a>

Amid the global chip shortage, Taiwan's TSMC had said earlier it was working to address the global semiconductor shortage and was taking "unprecedented actions" even as US commerce secretary Gina Raimondo had said last month "it's time to get more aggressive".

Raimondo however added that there is "no quick and easy fix" while cautioning that the problem may spill into next year.

(With inputs from Agencies)

China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips. Global Times while quoting the executive vice president of the federation reported that "software, special raw materials and precision instrumentation" including industrial sensors which rely on imports will also be hit due to "natural calamities and man-made misfortune." Also Read: After Christmas food, chocolate bar Bounty falls prey to supply chain crisis The Chinese newspaper informed that country's auto sales and production fell for "five consecutive months" between May to September. The chip shortage could also impact other sectors including the manufacturing of mobiles, home appliances and computers, it informed. Also Read: Vietnam lockdown hits iPhone delivery; shoe & car companies also suffer The US government had earlier blacklisted China's biggest chipmaker Semiconductor Manufacturing International Corp (SMIC) over security concerns. SMIC recently announced it will open a semiconductor plant in Shanghai after announcing plans to build smaller semiconductor factories in Beijing and Shenzhen. Reports claimed Apple was unlikely to meet its production target due to the global electronic chip shortage. Also Read: Transport chiefs warn world leaders and UN about incoming collapse of global supply chain Amid the global chip shortage, Taiwan's TSMC had said earlier it was working to address the global semiconductor shortage and was taking "unprecedented actions" even as US commerce secretary Gina Raimondo had said last month "it's time to get more aggressive". Raimondo however added that there is "no quick and easy fix" while cautioning that the problem may spill into next year. (With inputs from Agencies)

Car production in China set to decline by 2 million due to chip shortage: Report

British automotive output dropped by an annual 4 per cent&nbsp;in October, the 16th month out of the last 17 to record a fall, as demand from both domestic and overseas buyers decreased, according to a trade body.

Production stood at 134,752 cars last month, hit by a nearly 11 per cent&nbsp;drop in demand from Britons and a 2.6 per cent&nbsp;drop in export demand, which accounts for roughly 80 per cent&nbsp;of output, statistics from the Society of Motor Manufacturers and Traders (SMMT) showed.

The global automotive industry has had a torrid year, hit by declining sales in <a href="https://www.wionews.com/.../wion-wallet-china-increases-export-of-second- hand-vehicles-265047">China</a>, trade war worries between the world's two biggest economies, a slump in diesel sales in Europe and the need to invest heavily in electrification.

Model changeovers at some sites were also blamed by the SMMT which has called for Britain to negotiate the closest possible trading relationship with the European Union after Brexit as part of a trade deal due to take effect in 2021.

"Our global competitiveness&nbsp;is under threat," said SMMT Chief Executive Mike Hawes.

"To safeguard it, we need to work closely with the next government to ensure frictionless trade, free of tariffs, with regulatory alignment and continued access to talent in the future."

British automotive output dropped by an annual 4 per cent in October, the 16th month out of the last 17 to record a fall, as demand from both domestic and overseas buyers decreased, according to a trade body.

British automotive output dropped by an annual 4 per cent in October, the 16th month out of the last 17 to record a fall, as demand from both domestic and overseas buyers decreased, according to a trade body. Production stood at 134,752 cars last month, hit by a nearly 11 per cent drop in demand from Britons and a 2.6 per cent drop in export demand, which accounts for roughly 80 per cent of output, statistics from the Society of Motor Manufacturers and Traders (SMMT) showed. The global automotive industry has had a torrid year, hit by declining sales in China, trade war worries between the world's two biggest economies, a slump in diesel sales in Europe and the need to invest heavily in electrification. Model changeovers at some sites were also blamed by the SMMT which has called for Britain to negotiate the closest possible trading relationship with the European Union after Brexit as part of a trade deal due to take effect in 2021. "Our global competitiveness is under threat," said SMMT Chief Executive Mike Hawes. "To safeguard it, we need to work closely with the next government to ensure frictionless trade, free of tariffs, with regulatory alignment and continued access to talent in the future."

Slump in demand pulls down UK car production, again

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Car production in China set to decline by 2 million due to chip shortage: Report

Slump in demand pulls down UK car production, again