China's Auto Production Dips 9.9% to 4.024M Units in Jan-Feb Period

[China’s Automobile Production Reached 4.024 Million Units, January-February]

On March 16, the National Bureau of Statistics (NBS) released the latest data showing that, by sector, from January to February, the value added of 35 out of 41 major industrial categories increased YoY. Among them, automobile manufacturing was up 3.4% YoY. By product, from January to February, the production of 397 out of 626 products by industrial enterprises above designated size increased YoY. Among them, automobile production was 4.024 million units, down 9.9%, of which NEV production was 1.604 million units, down 13.7%.