CAAM: Auto output of 11 key enterprises down by 11.9% YOY in early May
China Association of Automobile Manufacturers (CAAM) provided the output data of 11 key enterprises in auto industry for early May. Based on the data filed by the 11 key enterprises, they produced 369,000 vehicles in total in early May, down by 11.9% YOY. Specifically, they produced 299,000 passenger vehicles, down by 6.2% YOY; they produced 70,000 commercial vehicles, down by 30.2% YOY.
