VW Loses Tens of Thousands of Cars in China on Chip Shortage
- VW’s China head says shortage will continue in first quarter
- Carmaker expects China sales growth of around 8% in 2021
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Volkswagen AG has lost tens of thousands of cars in production in China due to the global chip supply shortage that’s crippling automakers around the world.
“It was hurting us already in December and we lost some 10,000 cars since then simply because we lost 50,000 cars in production in December because of some chips,” VW’s China head, Stephan Wollenstein, said during an online media briefing Wednesday.