China’s automobile industry logged stable growth in 2022, reporting year-on-year expansion in revenue and profits.
The combined revenue of companies in the sector neared 9.29 trillion yuan (about 1.37 trillion U.S. dollars) in the period, up 6.8 percent year on year, according to the China Association of Automobile Manufacturers.
The sector raked in total profits of 531.96 billion yuan, up 0.6 percent from 2021. The growth was…