Vehicles under production are transferred through the office area at the Tiexi Plant of BMW Brilliance Automotive (BBA) in Shenyang, northeast China's Liaoning Province, Feb. 16, 2022. (Xinhua/Yang Qing)
BEIJING, April 19 (Xinhua) -- The added value of China's automobile manufacturing industry increased by 4.0 percent year on year in the first quarter of 2022, according to the statistics from China Association of Automobile Manufacturers (CAAM) released on Monday.
In the first three months, China's auto retail sales reached 1,073.9 billion yuan, down 0.3 percent year-on-year, accounting for 9.9 percent of the total retail sales of consumer goods. While in March alone, China's auto retail sales reached 367.3 billion yuan, down 7.5 percent year on year.
Besides, in the first quarter, fixed asset investment in China's automobile manufacturing industry increased by 12.4 percent year on year. Compared with January-February, the growth rate increased by 1.1 percentage points, and was 3.1 percentage points higher than that of national fixed asset investment during the same period.
Industry experts pointed that China's auto industry is accelerating its transformation pace to digitalization and intelligence. Some new auto factories with intelligent manufacturing capabilities will achieve networked and distributed production, and the overall pattern of the automobile industry will be reshaped in 2022.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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