China Association of Automobile Manufacturers: The added value of automobile manufacturing industry in April 2022 decreased significantly year-on-year

China Association of Automobile Manufacturers: The added value of automobile manufacturing industry in April 2022 decreased significantly year-on-year
Since April 2022, the domestic epidemic has generally shown a trend of multiple outbreaks, the situation has become more severe and complex, the difficulties faced by market entities have increased significantly, and the downward pressure on the economy has further increased. The automotive industry's industrial chain and supply chain have also experienced the most severe test in history. Some companies have stopped work and production, logistics and transportation have been greatly hindered, and production and supply capacity has dropped sharply.

According to data from the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, in April 2022, the year-on-year decline in industrial value added in the automobile manufacturing industry was 31.8%, a significant increase from the previous month.
From January to April, the industrial added value of the automobile manufacturing industry decreased by 5.4% year-on-year, ending the growth trend in the first quarter.

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