This year, China's auto industry profits are expected to exceed 100 billion yuan
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According to statistics from the National Passenger Vehicle Market Information Association, although the automobile price cuts in 2007 made a profit of nearly 40 billion yuan, the overall economic efficiency is still good. It is expected that the profits of the auto industry this year will exceed 100 billion yuan.
Rao Da, Secretary-General of the National Passenger Vehicle Market Information Association, introduced that the economic efficiency of auto companies has been greatly improved this year. An important reason is that the localization rate of new production models has been greatly improved. At present, the localization rate of joint venture products can reach about 75% on average.