In an article, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), revealed that between January and October 2025, China's automotive production soared to 27.33 million units, reflecting an 11% year-on-year (YoY) surge. Over the same timeframe, the auto industry's total revenue climbed to 8,877.8 billion yuan, a 7.9% YoY increase, while costs rose by 8.7% to reach 7,824.3 billion yuan. Consequently, profits for the sector hit 389.5 billion yuan, up 4.4% YoY. Nevertheless, the auto industry's profit margin settled at 4.4%, trailing behind the 6% average profit margin seen among downstream industrial firms. Focusing on October alone, the auto industry's revenue spiked to 1,054.3 billion yuan, a notable 8.6% YoY jump, with costs escalating by 9.4% to 937.6 billion yuan. This led to profits of 41.2 billion yuan, up 13.7% YoY. Yet, the profit margin for October dipped to a mere 3.9%, indicating a substantial month-on-month decrease and falling short of the 4.1% margin recorded during the same period the previous year.
