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China auto industry revenue rises 4%, passes 10t yuan mark in 2024
Updated: Feb 17, 2025
Xinhua
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BEIJING -- China's automobile industry revenue grew 4 percent to surpass 10.6 trillion yuan (about $1.48 trillion) in 2024, according to data from the China Passenger Car Association.
The sector showed accelerating growth momentum in December 2024, when revenue increased 13 percent year on year to 1.19 trillion yuan, outpacing the full-year growth rate.
In 2024, the auto industry maintained a steady 4.3 percent profit margin while navigating market transitions, and lithium battery manufacturers posted a 48.5 percent profit surge, the data showed.
