Profit at Chinese car manufacturers rises 66 pct in first half

20 August 2007

Beijing, China, 20 Aug – Chinese car manufacturers saw their profits rise by a total of 65.8 percent in the first half of the year to US$3.98 billion, according to the most recent figures from the sector’s association.

The Association of Car Manufacturers of China also said that the biggest 16 companies in the sector had revenues of 486.38 billion yuan in the period, or 26.58 percent more than in the same period of 2006.

The three largest companies – FAW, Shanghai Automotive Industry Corp and Dongfeng Motor – each had revenues of over 80 billion yuan and the ten largest, which include Chang An Automobile, Brilliance Auto, China National Heavy Duty Truck Group and Chery Automobile – sold a total of 4.15 million vehicles in the first half of the year, with a market share of 8 percent. (macauhub)