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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16679483" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3751428-china-auto-sales-drop-20-in-september-as-global-chip-shortage-sustains" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3751428-china-auto-sales-drop-20-in-september-as-global-chip-shortage-sustains" target="_blank">China auto sales drop 20% in September as global chip shortage persists</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Automobile sales in China declined 19.6% Y/Y in September to 2.07M vehicles, falling for a fifth consecutive month as a <a href="https://www.nasdaq.com/articles/china-vehicle-sales-fall-20-in-september-industry-body-2021-10-12" target="_blank">prolonged global shortage of semiconductors</a> disrupts production.</li> <li data-xf-list-type="ul">Sales of passenger cars in September fell 17% Y/Y to 1.58M vehicles, the China Passenger Car Association said. China's car sales in Q3 2021 declined 13% Y/Y.</li> <li data-xf-list-type="ul">Deliveries of new-energy vehicles, which include EVs and plug-in hybrids, soared 202% from a year earlier to 334,000 units in September.</li> <li data-xf-list-type="ul">“We see strong sales momentum for new energy vehicles going forward,” <a href="https://www.bloombergquint.com/global-economics/tesla-china-shipments-rise-even-as-general-car-sales-slump" target="_blank">PCA Secretary General Cui Dongshu said</a>. “Exports to the EU have been spurring overseas shipments.”</li> <li data-xf-list-type="ul">Sales in China for Toyota Motor (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>), Japan's largest automaker, <a href="https://english.kyodonews.net/news/2021/10/ae19c76c04c7-toyota-car-sales-plunge-in-china-in-sept-on-semiconductor-shortages.html" target="_blank">fell 35.9% Y/Y to 115,000 units last month</a>, after decreasing 11.9% in August.</li> <li data-xf-list-type="ul">Honda Motor (NYSE:<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>) saw new car sales drop 28.1% to 121,448 units in China in September, while its electric vehicle business was stagnant.</li> <li data-xf-list-type="ul">Sales for Nissan Motor (<a href="https://seekingalpha.com/symbol/NSANY" target="_blank">OTCPK:NSANY</a>) also plummeted 26.2% to 104,443 units in September.</li> <li data-xf-list-type="ul">Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) sold 10,126 ID. series EVs in China last month.</li> <li data-xf-list-type="ul">EV maker Nio's (NYSE:<a href="https://seekingalpha.com/symbol/NIO" target="_blank">NIO</a>) September deliveries rose 81% M/M to 10,628 vehicles. XPeng (NYSE:<a href="https://seekingalpha.com/symbol/XPEV" target="_blank">XPEV</a>) delivered 10,412 EV deliveries in September, which were up 44% over August's shipments.</li> <li data-xf-list-type="ul">However, <a href="https://seekingalpha.com/news/3746840-li-auto-q3-deliveries-of-25116-vehicles-tops-guidance-rise-43-over-prior-quarter" target="_blank">Li Auto</a> (NASDAQ:<a href="https://seekingalpha.com/symbol/LI" target="_blank">LI</a>) September shipments fell 24.8% M/M to 7,094 Li ONEs. Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) <a href="https://seekingalpha.com/news/3751411-tesla-sell-56006-china-made-vehicles-in-september-up-27-mm" target="_blank">sold 56,006 made-in-China vehicles in September</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16679483, member: 137766"] [URL='https://seekingalpha.com/news/3751428-china-auto-sales-drop-20-in-september-as-global-chip-shortage-sustains'] China auto sales drop 20% in September as global chip shortage persists[/URL] [LIST] [*]Automobile sales in China declined 19.6% Y/Y in September to 2.07M vehicles, falling for a fifth consecutive month as a [URL='https://www.nasdaq.com/articles/china-vehicle-sales-fall-20-in-september-industry-body-2021-10-12']prolonged global shortage of semiconductors[/URL] disrupts production. [*]Sales of passenger cars in September fell 17% Y/Y to 1.58M vehicles, the China Passenger Car Association said. China's car sales in Q3 2021 declined 13% Y/Y. [*]Deliveries of new-energy vehicles, which include EVs and plug-in hybrids, soared 202% from a year earlier to 334,000 units in September. [*]“We see strong sales momentum for new energy vehicles going forward,” [URL='https://www.bloombergquint.com/global-economics/tesla-china-shipments-rise-even-as-general-car-sales-slump']PCA Secretary General Cui Dongshu said[/URL]. “Exports to the EU have been spurring overseas shipments.” [*]Sales in China for Toyota Motor (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]), Japan's largest automaker, [URL='https://english.kyodonews.net/news/2021/10/ae19c76c04c7-toyota-car-sales-plunge-in-china-in-sept-on-semiconductor-shortages.html']fell 35.9% Y/Y to 115,000 units last month[/URL], after decreasing 11.9% in August. [*]Honda Motor (NYSE:[URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]) saw new car sales drop 28.1% to 121,448 units in China in September, while its electric vehicle business was stagnant. [*]Sales for Nissan Motor ([URL='https://seekingalpha.com/symbol/NSANY']OTCPK:NSANY[/URL]) also plummeted 26.2% to 104,443 units in September. [*]Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) sold 10,126 ID. series EVs in China last month. [*]EV maker Nio's (NYSE:[URL='https://seekingalpha.com/symbol/NIO']NIO[/URL]) September deliveries rose 81% M/M to 10,628 vehicles. XPeng (NYSE:[URL='https://seekingalpha.com/symbol/XPEV']XPEV[/URL]) delivered 10,412 EV deliveries in September, which were up 44% over August's shipments. [*]However, [URL='https://seekingalpha.com/news/3746840-li-auto-q3-deliveries-of-25116-vehicles-tops-guidance-rise-43-over-prior-quarter']Li Auto[/URL] (NASDAQ:[URL='https://seekingalpha.com/symbol/LI']LI[/URL]) September shipments fell 24.8% M/M to 7,094 Li ONEs. Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) [URL='https://seekingalpha.com/news/3751411-tesla-sell-56006-china-made-vehicles-in-september-up-27-mm']sold 56,006 made-in-China vehicles in September[/URL]. [/LIST] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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