A VV6 model from Great Wall Motors is shown at the CES Asia show in Shanghai. [Photo by Li Fusheng/China Daily]
BEIJING – China’s automobile manufacturing sector registered strong expansion in terms of production, revenue and profit during the first four months of the year, industry data showed.
Industrial added value of the sector rose 11.8 percent year-on-year in the period, up 7.4 percentage points from the January-March period, according to the China Association of Automobile Manufacturers.
The combined operating revenue of companies in the sector topped 2.86 trillion yuan ($401.18 billion), jumping 11.5 percent year-on-year and 11 percentage points higher than that of the whole manufacturing industry in the same period.
The country’s automobile manufacturers raked in total profits of 112.28 billion yuan, up 2.5 percent from the same period of 2022, the data also revealed.