Since entering the Year of the Sheep, the Chinese auto industry is still advancing on the fast track of rapid development. The entire industry has sufficient horsepower. In January-February, the auto industry accumulated a total revenue of 103 billion yuan, up 65.25% over the same period of the previous year. The industry's total profit was 9.222 billion yuan, an increase of 2.24 times over the same period of last year. The economic benefits of the industry were significant. In January-February, the total industrial output value of the industry at constant prices was 114.66 billion yuan, an increase of 62.75% year-on-year, and the growth rate was 48.7 percentage points higher than the same period of last year, becoming an important industry driving rapid industrial growth.
In the industry, sedan leads the entire automotive industry. In the January-February period, the total automobile output of the industry was 627,000, an increase of 62.2% year-on-year, and the growth rate further increased. Of which, the production of passenger cars reached 242,000, an increase of 136.5% year-on-year; the number of trucks completed was 187,000, an increase of 37.3% year-on-year; and the output of road passenger cars was 157,000, an increase of 33% year-on-year.
At the same time, driven by the rapid growth of the automobile industry, the entire transportation equipment manufacturing industry has grown rapidly. In January-February, the contribution rate of the transportation equipment manufacturing industry to industrial growth was 15.6%, stimulating 2.7 percentage points to become a driving force for industrial growth. The second largest industry. In January-February 2003, the export value of auto industry completed 3.87 billion yuan, an increase of 46.8% over the same period of last year, 15.8% higher than the growth rate of industrial export delivery value.
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