(JW Insights) Sep 6 -- China's automobile manufacturing industry registered steady expansion in terms of production, revenue, and profit in the first half of this year (H1), industry data shows, reported China Daily on September 4.
The industrial added value of this sector rose 13.1 percent year-on-year in the period. The growth was 8.9 percentage points higher than that of the country's whole manufacturing industry, according to the China Association of Automobile Manufacturers.
The combined operating revenue of companies in this sector also surged 13.1 percent year-on-year to RMB4.49 trillion ($625.45 billion), according to the association.
During the same period, these companies raked in total profits of RMB217.63 billion(about $30 billion), up 10.1 percent from the same period last year.
(Gao J/Yuan XY)
RELATED
-
BYD plans to establish a sodium-ion battery plant in eastern China’s Xuzhou with an investment of RMB10 billion ($1.4 billion)
11-20 17:51 -
European Commission President von der Leyen will visit China in wake of the EU’s ongoing probe into China’s subsidies on EV industries
11-20 16:59 -
Chinese auto giant Changan Automobile plans to launch eight self-developed battery cells in the future
11-20 16:26
READ MOST
No Data Yet～