China Passenger Car Association: It is estimated that the narrow sense passenger car retail sales in April will be around 1.75 million units, with a new energy retail penetration rate of 51.4%.

According to the Zhitong Finance and Economics APP, the China Passenger Car Association stated in a document that the Shanghai Auto Show will kick off in late April, and car manufacturers have already started to build up momentum before the show. A large number of hot new cars will be launched, and a series of heavyweight new energy products will be delivered one by one. It is expected to bring a new wave of growth momentum to the new energy market, providing strong support for the overall automobile market. Preliminary calculations estimate that the total retail market size of narrow passenger cars in April will be around 1.75 million units, an increase of 14.4% year-on-year compared to last year, but a decrease of 9.8% month-on-month. It is expected that the retail sales of new energy vehicles will reach 900,000 units in April, with a penetration rate of 51.4%.