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Photo taken on Aug. 16, 2007
shows two workers with China's Chery Automobile are testing
a newly-produced car. Chinese automakers saw their total profits grow 65.8
percent in the first half of the year as the country's auto industry
maintained strong growth momentum.(Xinhua Photo)
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BEIJING,
Aug. 19 (Xinhua) -- Chinese automakers saw their total profits grow 65.8 percent
in the first half of the year as the country's auto industry maintained strong
growth momentum.
First-half profits added up to 30.21 billion yuan
(3.98 billion U.S. dollars), up from 11.98 billion yuan a year earlier,
according to latest figures from the China Association of Automobile
Manufacturers.
The country's 16 major automobile manufacturers
reaped a total of 486.38 billion yuan in revenues, up 26.58 percent.
Fourteen of them reported higher revenues than the
same period of last year, with the top three - FAW, Shanghai Automotive Industry
Corp. and Dongfeng Motor - each scoring more than 80 billion yuan, said Zhu
Yiping, an official with the association.
The ten biggest earners, which also included 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, taking an
83-percent market share.