The semiconductor chip crisis had a negative impact on car sales in the Chinese market. According to data from the China Association of Automobile Manufacturers (CAAM), car sales in China fell 9.1 percent compared to last year.
The report also explains that this marks the seventh straight monthly decline. It is known that the Chinese market could only sell 2.52 million vehicles in November.
Even so, sales of new energy vehicles, such as battery-powered electric vehicles (EVs), nitrogen fuel cell vehicles, and plug-in hybrid cars (PHEV), are reported to have increased. It was recorded that the growth reached 121 percent in November 2021.
“Consumer acceptance of new energy vehicles continues to increase. The market has shifted driven by demand policies,” said CAAM spokesman Chen Shihua
The China Passenger Car Association (CPCA) explained that Tesla is still the most sold electric car in the Chinese market. It is known, sales of Tesla electric vehicles made in China reached 52,859 units in November, including exports of 21,127 cars.
Meanwhile, Volkswagen AG was reported to be able to sell more than 14,000 ID series electric cars in the Chinese market last month. Then followed by the Chinese electric car company, Nio Inc, which was able to sell 10,878 units in the same month.