China Passenger Car Association: It is initially estimated that the narrow definition of the passenger car retail market size in December is approximately 2.3 million vehicles.

Preliminary estimates indicate that the narrow passenger car retail market in December is expected to be around 2.3 million vehicles, with a 3.4% increase compared to the previous month and a 12.7% decrease compared to the same period last year. Of this, the retail volume of new energy vehicles is estimated to be around 1.38 million, with a penetration rate expected to reach 60%.