China’s automobile manufacturing sales and profits both rise from January to May – Xinhua

2023-07-03 00:17:52

A robot welds at a workshop of Guangzhou Automotive AION in Guangzhou city, Guangdong province, on February 24. (Photo/Xinhua News)

[신화망 베이징 7월3일]From January to May this year, both sales and profits of China’s automobile manufacturing industry showed an upward trend.

According to the China Association of Automobile Manufacturers (CAAM), the sales of Chinese automakers in the January-May period exceeded 3.63 trillion yuan (approximately 658.7361 trillion won), up 14.3 percent from the same period last year.

This accounts for 7.1% of the total sales of major industrial enterprises.

During the first five months of this year, Chinese automakers’ profits reached 174.62 billion yuan (31.6882 trillion won), up 24.3% from the same period last year.

Source of the original text: Xinhua News Agency Korean News Service

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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