China's automobile manufacturing industry experienced a 9.7% YoY growth in Q1 with increased operating revenue and profits.
China's automobile manufacturing industry grew steadily in Q1, with a 9.7% year-on-year increase in industrial added value, higher than China's overall manufacturing industry. The sector's combined operating revenue reached 2.25 trillion yuan (US$316.85 billion), up 6.2% from the previous year. Total profits increased by 32% to 103.95 billion yuan, according to China Association of Automobile Manufacturers.
May 12, 2024
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