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The ongoing shortage of automotive chips is more severe than expected and automakers will see more pressure in the next few months as the short supply could last for a while, said industry insiders.
"These days, how many cars you can produce is totally dependent on how many chips you can get. Auto production and sales in the next few months will be completely decided by chip supply," said Li Shaohua, deputy secretary general at the China Association of Automobile Manufacturers (CAAM), the country's most influential car industry body. He added that the shortage of automotive . . .
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