Automobile Association: It is estimated that the wholesale sales of Shanxi Guoxin Energy Corporation's passenger car manufacturers in February will be 840,000 units, an 82% year-on-year increase.

According to data released by the China Association of Automobile Manufacturers, based on preliminary monthly data estimates, in February, the wholesale sales of passenger vehicles by all car manufacturers in Shanxi Guoxin Energy Corporation totaled 840,000 units, an increase of 82% year-on-year, but a decrease of 5% from the previous month. The cumulative wholesale sales from January to February this year reached 1.73 million units, an increase of 49% compared to the same period last year. February New Energy Passenger Car Market Forecast Due to the Chinese New Year falling on January 29 in 2025, February 2025 is the starting month after the Chinese New Year. With the gradual implementation of the 2025 scrappage and replacement policy, and car manufacturers taking the initiative to stabilize price expectations, overall price competition in the car market is relatively moderate compared to previous years, especially in the gasoline car market where price promotions are relatively stable. Recent changes in the domestic and international macroeconomic environment have been better than expected, and consumer consumption attitudes are relatively positive. Therefore, the car market in February this year is expected to be stronger than the sluggish trend after the 2024 Chinese New Year. As sales were low in February 2024, some manufacturers are gearing up after the Chinese New Year to achieve a strong start in February 2025. Before the holiday, due to long-distance travel and temperature effects during the Chinese New Year, consumers are more sensitive to the range and power replenishment of new energy vehicles, leading to a seasonal decline in the penetration rate of new energy vehicles. Because consumers still have strong expectations for prices, some major manufacturers have significantly increased the promotion of plug-in hybrid models recently, combined with strong promotional activities under the "two new" subsidy policy. The emergence of DeepSeek in the field of Chinese intelligent AI has had a significant impact on the global technology competition landscape. DeepSeek's success has disrupted the traditional AI development model that relies on computational power stacking, making mass applications possible with its low-cost, high-performance features, enhancing consumer guidance on concepts such as intelligent cockpit and intelligent driving, with good incremental effects. With the resumption of work after the holiday, consumer preferences have undergone significant changes, with the penetration rate of new energy vehicles increasing rapidly on a weekly basis, becoming the main driver of the recovery of the passenger car market after the holiday. According to data from the China Association of Automobile Manufacturers, in January 2025, manufacturers selling over 10,000 units of new energy vehicles accounted for 91.8% of the total new energy passenger car sales for that month. Based on preliminary data collected in February, these manufacturers with sales of over 10,000 units in January had sales of 770,000 units in February, and based on the structure of the previous month, the wholesale sales of all passenger vehicles by Shanxi Guoxin Energy Corporation in February is expected to reach 840,000 units.