China Passenger Car Association: It is estimated that in July, the retail sales of narrow passenger cars will reach about 1.85 million units, with a penetration rate of new energy vehicles reaching 54.6%.

According to the Wisdom Financial APP, the China Automobile Dealers Association stated that in July, the automotive market continued to grow with the "old for new" and scrap renewal policies as the core growth points. Despite some overdraft of demand from the rush at the end of June, the overall heat of the automotive market remains relatively high. Preliminary calculations suggest that the total retail market for narrow passenger cars in July is around 1.85 million units, a year-on-year increase of 7.6% from last year, and a decrease of 11.2% from the previous month. The retail sales of new energy vehicles are estimated to reach 1.01 million, with a penetration rate of around 54.6%.