Hyper growth in the automotive industry lead a new sales record in PP honeycomb board as passenger car accessories

Automotive industry has kept its high growth rate in the past month. In August, auto production and sales continued to maintain a rapid growth momentum year on year, and preferential purchase tax and other consumer policies continued to work. In August, the production and sales of automobiles were 2.395 million and 2.383 million, up 38.3% and 32.1% year on year respectively.

The year-on-year growth rate of production and sales in the first eight months returned to normal. From January to August, the production and sales of automobiles were 16.967 million and 16.86 million respectively, up 4.8% and 1.7% year on year respectively, the first double growth of production and sales since the second quarter. From January to July, the production and sales of automobiles were 14.571 million and 14.477 million, respectively, with a year-on-year growth of 0.8% and a year-on-year decline of 2%. As a major supplier of car trunk cover board and interior liner, our modified products from PP honeycomb board has created a new sales record, pushing to 10 million RMB/month. With years of experiences and R&D development, we are seeking more opportunities in the construction and packaging industry in the future.