Cui Dongshu: With the recent breakthrough in electrification by major car manufacturers and the launch of some explosive new products, some major manufacturers achieved a historic high in January.

The China Passenger Car Association's Cui Dongshu published a paper stating that by 2025, the sales growth rate of Chinese new energy passenger car manufacturers will increase by 25%, successfully achieving the new energy vehicle market growth expectation for the "14th Five-Year Plan". With the expiration of the new energy vehicle purchase tax exemption policy at the end of 2025 and the market entering a recovery period in January 2026 after the exit of new energy vehicle policies at the beginning of the year, some consumers anticipated the policy benefits in December, leading to a more obvious overdrawal impact in January. Compared to the 54% decline in January due to the cessation of new energy subsidies in 2020 and the 8% decline in January due to the exit of new energy subsidies in 2023, the national sales volume of new energy passenger car manufacturers in January this year still achieved positive growth, thanks to the late Chinese New Year in 2026 and export contributions. With the recent breakthrough in electrification of mainstream car companies and the launch of some popular new products, some leading manufacturers in January achieved their highest monthly sales in history. In January, Geely Auto, SAIC Motor, Seres Auto, Xiaomi Auto, Leap Motor, Dongfeng Motor, NIO, GAC Aion, FAW Hongqi, Beams Auto, Dongfeng Nissan, Zhi Ma Da Auto, JAC and other manufacturers achieved outstanding performance in wholesale sales volume of new energy vehicles, setting a historical record for January.