Beijing, September 3, 2023, According to figures cited by Xinhua, China's vehicle manufacturing sector experienced stable growth in terms of production, sales, and profit in the first half of this year (H1). During that time, this sector's industrial added value increased 13.1% year over year. According to the China Association of Automobile Manufacturers, the rise was 8.9 percentage points higher than that of the nation's entire manufacturing sector. According to the association, the combined operating revenue of businesses in this industry increased 13.1% year over year to 4.49 trillion yuan, or nearly $625.45 billion.
These businesses generated total earnings of 217.63 billion yuan during the same time period, an increase of 10.1% from the same time last year.
