Top Biz News
Auto production, sales up 25%
(Xinhua)
Updated: 2006-09-09 10:26
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China's automobile production and sales both shot up 25 percent in the first eight months of the year, the China Association of Automobile Manufacturers said Friday.
The country produced 4.64 million vehicles between January and August, an increase of 25.37 percent.
Sales surged by 24.58 percent in the same period to hit 4.53 million units.
The strong growth is mainly driven by dynamic growth in the passenger vehicle market, particularly sedans, the association said.
In the first eight months of the year, China produced 3.33 million passenger vehicles and sold 3.23 million units, rising 33 percent and 32 percent, respectively.
The production and sale of sedans grew over 40 percent.
The top 10 manufacturers are the Shanghai Automotive Industry Corp, FAW, the Dongfeng Motor Corp, Chang'an, Beijing Automotive Industry Corp, Cherry, Harbin Aircraft, the Guangzhou Automotive Industry Corp, Geely and Brilliance.
They sold a total of 3.80 million units, accounting for 83.83 percent of the market share.