China Auto Industry Revenue Hits RMB 6.08 Trillion in Jan-Jul 2026, Profit Margin 3.6%

In July, China's auto industry recorded revenue of RMB 888.7 billion, up 8.3% year on year; costs reached RMB 795.7 billion, up 10%; and profits totaled RMB 20.9 billion, down 28% year on year. The industry's sales profit margin stood at 2.4%, the lowest for the month since 2022.

For the January-July period of 2026, cumulative revenue reached RMB 6.078 trillion, up 2.7% year on year; costs amounted to RMB 5.4058 trillion, up 3.8%; and profits totaled RMB 216.2 billion, down 20% year on year. The sales profit margin was 3.6%, still below the 6.5% average for downstream industrial enterprises.

The data also showed that in the first seven months, China produced 8.95 million new energy vehicles, up 10% year on year, with a penetration rate of 51%; conventional fuel vehicle production fell 14% to 8.67 million units. In July alone, new energy vehicle production rose 30% year on year to 1.55 million units, with a penetration rate of 61%, while fuel vehicle output declined 27% to 980,000 units.