When chips are down, China sees a booming green car industry

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CGTN published this video item, entitled “When chips are down, China sees a booming green car industry” – below is their description.

Car chips are down. Carmakers are lost. The pandemic has rewritten the rules for a multitude of industries. The automotive industry is no exception, particularly when it’s on a swift shift toward smarter, electric vehicles (EVs). For the past century, pain has never hit closer to home than the past year, amid factory shutdowns, severe supply chain interruptions and decimated consumer confidence. Chips, the crop of automobiles in the 21st century, are a sore spot in this bust phase.

#carchips #car #chips #carmakers

For more:

https://www.cgtn.com/video

CGTN YouTube Channel

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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