Factory capacity utilization at automakers in China rebounded to 74.5 percent in the second quarter as the industry began to recover from the coronavirus outbreak.
It is a significant improvement from the first quarter, when automakers operated at just 57 percent of capacity, according to data China’s National Bureau of Statistics released Thursday.
The latest second-quarter reading on automobile factory utilization is 1.6 percentage points lower than in the same period last year.
The viral outbreak that started in China in late January was largely contained by mid-March, and auto output has steadily rebounded since April.
In June, light-vehicle production advanced 12 percent year over year to 2.3 million.
Output has dropped 17 percent to below 10.3 million through June, according to the China Association of Automobile Manufacturers.