Automakers post massive profit growth

Sales volumes, successful strategies boost Chinese car manufacturers' margins, Hao Yan reports.

The majority of China's publicly listed carmakers witnessed a leap in their profit margins last year, boosted by large sales volumes and higher pricing strategies linked to fresh lineups.

Major automakers that have listed on the Chinese A-share market and Hong Kong Stock Exchange announced their preliminary results in recent weeks. Among them, State-owned SAIC Motor netted the largest profits, while Geely Automobile's more than doubled.