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Chip crunch catches up with China auto sales for double-digit drop

Shortage leaves automakers slow to churn out popular SUVs and electric cars

The 2021 Auto Shanghai show: Chinese new-auto sales fell for a second straight month in June.   © Reuters

GUANGZHOU/SHANGHAI -- A large red banner at a Nissan Motor dealership in Guangzhou urges visitors to buy soon, but not for the typical reasons.

"Because of the shortage of semiconductors and rising raw materials costs, inventories of some models are tight," it reads.

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