China Vehicle Sales Fall Amid Chip Shortages as Companies Drive up Prices

Employees work on an assembly line at an auto plant of Dongfeng Honda in Wuhan in China's central Hubei Province on March 23, 2020. STR/AFP

Data show China’s vehicle sales dropped 17.8 percent in August from a year earlier due to a pandemic-induced chip crisis, falling for a fourth consecutive month since May.

Overall nationwide sales stood at 1.8 million vehicles in August, in figures released by the Beijing-based China Association of Automobile Manufacturers on Sept. 10.