Cui Dongshu, Secretary General of the Passenger Transport Association, said that the automobile industry's revenue from January to June 2026 was 5189.3 billion yuan, up 1.8% year on year; costs were 4610 billion yuan, up 2.8%; profit was 195.4 billion yuan, down 20% year on year; and the automobile industry's profit margin was 3.8%. Compared with the average profit margin of 6.5% of downstream industrial enterprises, the automobile industry is still low. The industry's sales margin of 3.8% from January to June 2026 and 5.2% in June was better than the monthly performance of 3.7% in March-April. Profit margins were generally high in June of previous years, and were at an abnormally high level in June of this year. Recently, with the expansion of the production scale of the car market, PPI, profits in the upstream nonferrous and petroleum mining industries have skyrocketed. The price of lithium titanate was nearly 200,000, the unit price of lithium battery export tons fell 12% from January to June '26. Domestic battery prices were strong. Listed lithium battery companies had a payable period of 200 days and a receivable period of 60 days. The problem of car companies not making batteries is serious, and car companies' profits continue to decline.

Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that the automobile industry's revenue from January to June 2026 was 5189.3 billion yuan, up 1.8% year on year; costs were 4610 billion yuan, up 2.8%; profit was 195.4 billion yuan, down 20% year on year; and the automobile industry's profit margin was 3.8%. Compared with the average profit margin of 6.5% of downstream industrial enterprises, the automobile industry is still low. The industry's sales margin of 3.8% from January to June 2026 and 5.2% in June was better than the monthly performance of 3.7% in March-April. Profit margins were generally high in June of previous years, and were at an abnormally high level in June of this year. Recently, with the expansion of the production scale of the car market, PPI, profits in the upstream nonferrous and petroleum mining industries have skyrocketed. The price of lithium titanate was nearly 200,000, the unit price of lithium battery export tons fell 12% from January to June '26. Domestic battery prices were strong. Listed lithium battery companies had a payable period of 200 days and a receivable period of 60 days. The problem of car companies not making batteries is serious, and car companies' profits continue to decline.