According to the data released by the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, the profits of the automobile industry generally maintained a momentum of rapid growth in the first half of 2021 compared with the same period last year, and the growth rate was lower than that from January to May. In the first half of 2021, the cumulative profits of the automobile industry reached 287.68 billion yuan, an increase of 45.2 percent over the same period last year, accounting for 6.8 percent of the total profits of industrial enterprises above scale.