The first three quarters of 2022 saw a consistent increase in income for the vehicle manufacturing sector, according to data from China’s National Statistics Authority.
According to the administration, the sector achieved around 6. 61 trillion yuan (about 922 billion USD) between January and September of last year, a rise of 6. 7% more than the same time last year.
The information showed that over the past nine months, the sector had made 1.
According to the new China News Agency, the number registered during the first eight months of the year decreased by 5. 4%, or 9%, on an annual basis, slowing the rate of decline (Xinhua).
According to the authority, the recovery of supply networks and industrial chains, along with the rise in the manufacture of new energy cars, contributed to the sector’s earnings rising by 47.4% in September compared to the same month last year.
China produced 19.
According to the Chinese Association of Auto Manufacturers, the country sold 19.47 million automobiles over the aforementioned period, a rise of 4.4% from the previous year, and 63 million cars in the first nine months, an increase of 7.4% on an annual basis.
From January to September, Chinese auto factories’ annual revenue was 6.7%.
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