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UK’s car output continues growth streak for six months in July- SMMT
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(Reuters) – Britain’s car production rose for the sixth consecutive month in July as automakers continued to recover from global chip shortages, an industry body said on Thursday.
UK’s car output continues growth streak for six months in July- SMMT
(Reuters) – Britain’s car production rose for the sixth consecutive month in July as automakers continued to recover from global chip shortages, an industry body said on Thursday.
The Society of Motor Manufacturers and Traders (SMMT) said a total of 76,451 units rolled out of factory lines in the country last month, a 31.6% increase over the year earlier.
“Six months of growth shows that British car production is recovering and, with electrified models increasingly driving volumes, the future is more positive,” said SMMT Chief Executive Mike Hawes.
Production of latest high-tech hybrid electric (HEV), plug-in hybrid (PHEV) and battery electric vehicles (BEVs) rose about 74% to 30,180 units, representing almost two in every five cars manufactured in July.
The total number of cars produced, however, remained 29.4% lower from the pre-pandemic levels seen in July 2019.
The UK’s car industry, a significant driver of manufacturing and exports, got a boost last month when India’s Tata Motors committed to build a major EV battery plant in Britain to supply its Jaguar Land Rover factories.
“Recent investment announcements have undoubtedly bolstered the sector but global competition remains tough,” said Hawes.
SMMT had said in July it could take five more years for Britain to return to producing 1 million or more cars a year.
(Reporting by Anchal Rana in Bengaluru; Editing by Shilpi Majumdar)
Frequently Asked Questions about UK’s car output continues growth streak for six months in July- SMMT
1What is automotive production?
Automotive production refers to the process of manufacturing vehicles, including cars, trucks, and buses. It involves various stages such as design, engineering, assembly, and quality control.
2What are electric vehicles?
Electric vehicles (EVs) are automobiles that are powered by electricity rather than traditional fuels. They include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).
3What is the Society of Motor Manufacturers and Traders (SMMT)?
The Society of Motor Manufacturers and Traders (SMMT) is a trade association in the UK that represents the automotive industry. It provides support, advocacy, and information to its members.
4What is a hybrid electric vehicle (HEV)?
A hybrid electric vehicle (HEV) combines a conventional internal combustion engine with an electric propulsion system. This allows for improved fuel efficiency and reduced emissions compared to traditional vehicles.
5What is manufacturing recovery?
Manufacturing recovery refers to the process of regaining production levels and efficiency after a downturn or disruption, such as supply chain issues or economic challenges.
