China Association of Automobile Manufacturers: From January to October 2022, the added value of automobile manufacturing industry grew rapidly

In October , the national economy withstood the impact of multiple unexpected factors at home and abroad and continued to recover. However, the international environment has become more complex and severe, and the foundation for domestic economic recovery is not yet solid.

According to data from the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, in October 2022 , the industrial added value of the automobile manufacturing industry increased by 18.7% year-on-year, 13.7 percentage points higher than the national industrial added value of enterprises above designated size in the same period.

From January to October , the industrial added value of the automobile manufacturing industry increased by 8.1% year-on-year, up 1.2 percentage points from January to September , and 4.7 percentage points higher than the manufacturing industry in the same period.