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According to the information released by the National Development and Reform Commission on October 31, the contribution of the automotive industry to new products in the machinery industry reached 54.28% in the first three quarters.
According to the information from the National Development and Reform Commission, the output value of new products in the machinery industry has grown at a rapid rate this year. In the first three quarters, the total output value of new products was 1.0149968 billion yuan, a year-on-year increase of 37.40%, which was higher than the industry's total industrial output growth rate of 5.39 percentage points. Among them, the automotive industry has the highest contribution to the new products of the machinery industry.
According to statistics from the China Machinery Industry Federation, 72 kinds of mechanical industrial product output increased at a double-digit rate in the first three quarters of this year. The total industrial output value of the industry was 520.231 billion yuan, an increase of 32.01% over the same period of last year, and the sales value of 50.5597 billion yuan was completed, an increase of 31.94% year-on-year, and the growth rate remained at 31% or more. Among them, the production growth of construction machinery industry was significantly higher than other industries, with a strong growth rate of 43.84%, and the growth rate was 10.41 percentage points higher than the same period of last year. 
