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Turning Down Orders Worth 5 Billion Yuan? Component Suppliers Are All Eager to Break Free from the 'Automotive Black Hole'
23 hour ago /
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Author：小编
During the period from January to July in 2026, China's automotive industry achieved a total revenue of RMB 6,078 billion, marking a year-on-year growth of 2.7%. The total costs incurred amounted to RMB 5,405.8 billion, reflecting a 3.8% increase compared to the previous year. Meanwhile, the industry's profits reached RMB 216.2 billion, experiencing a year-on-year decrease of 20%. The profit margin of the industry hovered at 3.6%. Since the start of this year, the Chinese automotive industry has been grappling with various challenges, witnessing not only a downturn in sales but also a negative impact on the earnings of professionals within the sector.
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