Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that from January to July 2026, in the face of multiple challenges such as the complex evolution of the international environment and domestic transformation pressure, the national economy started well, quality and efficiency improved, profits in the equipment manufacturing industry and the high-tech manufacturing industry grew rapidly, and profits in the raw materials manufacturing industry grew by double digits, laying a solid foundation for the smooth operation of the economy throughout the year. In July 2026, automobile production was 2.53 million units, the same as the previous year; production of new energy vehicles was 1.55 million units, up 30% year on year, penetration rate 61%; fuel vehicle production was 980,000 units, down 27% year on year. The automobile industry's revenue in July 2026 was 888.7 billion yuan, up 8.3% year on year; cost was 795.7 billion yuan, up 10%; profit was 20.9 billion yuan, down 28% year on year; and the automobile industry's profit margin was 2.4%. From January to July 2026, automobile production was 17.61 million units, down 3% year on year; new energy vehicle production was 8.95 million units, up 10% year on year, penetration rate 51%; fuel vehicle production was 8.67 million units, down 14% year on year. The automobile industry's revenue from January to July 2026 was 6078 billion yuan, up 2.7% year on year; costs were 5405.8 billion yuan, up 3.8%; profit was 216.2 billion yuan, down 20% year on year; the profit margin of the automobile industry was 3.6%, compared with the average profit margin of 6.5% of downstream industrial enterprises, the automobile industry is still low.

Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that from January to July 2026, in the face of multiple challenges such as the complex evolution of the international environment and domestic transformation pressure, the national economy started well, quality and efficiency improved, profits in the equipment manufacturing industry and the high-tech manufacturing industry grew rapidly, and profits in the raw materials manufacturing industry grew by double digits, laying a solid foundation for the smooth operation of the economy throughout the year. In July 2026, automobile production was 2.53 million units, the same as the previous year; production of new energy vehicles was 1.55 million units, up 30% year on year, penetration rate 61%; fuel vehicle production was 980,000 units, down 27% year on year. The automobile industry's revenue in July 2026 was 888.7 billion yuan, up 8.3% year on year; cost was 795.7 billion yuan, up 10%; profit was 20.9 billion yuan, down 28% year on year; and the automobile industry's profit margin was 2.4%. From January to July 2026, automobile production was 17.61 million units, down 3% year on year; new energy vehicle production was 8.95 million units, up 10% year on year, penetration rate 51%; fuel vehicle production was 8.67 million units, down 14% year on year. The automobile industry's revenue from January to July 2026 was 6078 billion yuan, up 2.7% year on year; costs were 5405.8 billion yuan, up 3.8%; profit was 216.2 billion yuan, down 20% year on year; the profit margin of the automobile industry was 3.6%, compared with the average profit margin of 6.5% of downstream industrial enterprises, the automobile industry is still low.