UK car production declined at the fastest pace in 66 years during the year 2022, as global chip shortages and structural changes hampered output coupled with weaker exports, while electrical vehicle production reached a record level, data from the Society of Motor Manufacturers and Traders, or SMMT, showed on Thursday.
Total car production fell 9.8 percent to 775,014 units, which was the lowest level since 1956. In 2021, the car production was 859,575 units.
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