"As Shandong's auto industry has been showing a steady growth, the heavy truck segment is becoming a brighter star of the market," said Wei Xueqin, secretary-general of Shandong Association of Automobile Manufacturers (SAMA) at a heavy truck and auto parts exhibition on Wednesday.
Automobile industry is the mainstay industry of Shandong province, home to around 750 car-making and auto-parts enterprises. Industry-wide sales in the first seven months of this year were valued at 150 billion ($21.9 bn), up 35 percent year on year; the profit margin from the auto industry was 7.5 billion yuan, up 20.5 percent.
A total of 558,000 complete vehicles made in Shandong were sold in the seven-month period, up 28 percent from a year earlier.
By Ally From: Gasgoo.com
