China added 6,551 auto production and marketing companies in May

The data of Tianyancha Professional Edition shows that the total number of registrations of Chinese automobile production and sales-related enterprises has grown rapidly since 2013, and the growth rate reached its peak in 2017, at 22.78%.

The data of Tianyancha Professional Edition shows that the total number of registrations of Chinese automobile production and sales-related enterprises has grown rapidly since 2013, and the growth rate reached its peak in 2017, at 22.78%.

Although the growth rate has slowed in the past two years, it has remained above 16%.

It is worth noting that, based on the industrial and commercial registration data, from January to May 2020, a total of 31,000 new automobile production and sales-related enterprises were registered in China, of which 6751 were newly added in May.

According to analysis, the long-term hotspot of China’s auto market is still new energy vehicles.

In May, the production and sales of new energy vehicles increased by 3.5% and 12.2% respectively.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/13/china-added-6551-auto-production-and-marketing-companies-in-may/.

Leave a Reply

Please Login to Comment