China's auto sector profit squeeze: CR Micro chief warns against reckless expansion

Staff reporter, Taipei; Charlene Chen, DIGITIMES Asia Tuesday 22 October 2024 0

President of CR Micro, Hong Li. Credit: CR Micro

The Chinese automotive supply chain is facing intense competition, with the industry's profitability continuing to decline. Profit margins have dropped below 5%, prompting Hong Li, president of leading power semiconductor manufacturer CR Micro, to call...

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