The latest data released by the China Association of Automobile Manufacturers shows that my country's automobile production and sales in May completed 2.333 million and 2.382 million vehicles respectively, a month-on-month increase of 9.4% and 10.3%, respectively, and a year-on-year increase of 21.1% and 27.9%.
The China Association of Automobile Manufacturers stated that the auto industry has improved since April, and the market is still in a slow recovery stage. The economic operation of the auto industry is still under great pressure, and the profitability of enterprises in the industry is at a low level. From the current point of view, the task of achieving stable growth throughout the year is arduous, and it is necessary to further restore and expand demand, comprehensively implement policies to accelerate the release of consumption potential, and promote the steady growth of the industry.
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