During the first six months of 2026, automobile production hit 15.1 million vehicles, marking a 4% decline year-on-year. The industry's revenue climbed to RMB 5,189.3 billion, representing a 1.8% increase compared to the same period the previous year. Meanwhile, costs rose to RMB 4,610 billion, a 2.8% uptick year-on-year. Profits, however, dipped to RMB 195.4 billion, a 20% decrease from the prior year. This resulted in a profit margin of 3.8%, which fell short of the 6.5% average observed among downstream industrial enterprises.
