Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), stated in an article that from January to September 2026, China's automobile production reached 23.37 million units, a year-on-year decrease of 4%. Industry profits were 267.5 billion yuan, down 23% year-on-year, with a sales profit margin of 3.3%. In September alone, automobile production was 3.06 million units, with sales revenue of 1.0374 trillion yuan, a year-on-year increase of 0.6%. However, profits were only 14.2 billion yuan, a sharp year-on-year decrease of 68%, and the sales profit margin dropped to 1.4%, a four-year low.