News Snapshot:
The ongoing global chip shortage has left car buyers in China waiting several months for newly purchased vehicles to arrive, as assemblers and component manufacturers struggle to keep up with demand. The electric vehicles (EVs) market has been especially hard-hit owing to its need for more semiconductors than traditional carmakers. Premium cars that need more chips for driver assistance and other electronic systems remain in high demand despite a slowdown in production. Two sales managers at Tesla, the global leader in EV sales, said buyers ordering Shanghai-made Model 3 and Model Y vehicles will not see their new cars until...
