Chinese Automotive Market Witnesses a Profit Growth of 29% to RMB142.8 billion
The China Passenger Car Association (CPCA) Secretary General, Cui Dongshu, reported that the Chinese automobile industry's revenue in the first four months of 2024 climbed by 8% YoY to RMB3,074.2 billion. On the other hand profits in the industry increased by 29% to RMB142.8 billion, but comparatively costs increased by 8% to RMB2,688.2 billion.