The Zhitong Finance App learned that Cui Dongshu, Secretary General of the Passenger Transport Association, published an article saying that the automobile industry is facing the double pressure of rising costs and weak demand, and profit performance is poor. From January to September 2026, automobile production was 23.37 million units, down 4% year on year, revenue of 8043.5 billion yuan increased 2.6%, cost of 7162.7 billion yuan increased 3.8%, profit of 267.5 billion yuan decreased 23%, and sales margin 3.3%; of these, automobile production in September was 3.06 million units, sales revenue of 1037.4 billion yuan increased 0.6%, cost of 9257 billion yuan increased 2.5%, profit of 14.2 billion yuan decreased 68%, and sales margin 1.4%, which is at a low level in the past 4 years.

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