China Association of Automobile Manufacturers: The car market entered the traditional off-season in July, with new energy vehicles continuing their rapid growth trend.

According to the report from the Financial Channel App, the China Automobile Industry Association analyzed that in July, the car market entered the traditional off-season, with some manufacturers arranging annual equipment maintenance, resulting in a slowdown in production and sales pace. From the perspective of the industry market environment, the effects of the policy of trading in old cars for new ones continue to show, the industry's comprehensive rectification work is making positive progress, and new car models from companies continue to be launched, helping to maintain the smooth operation of the car market. This month, car production and sales decreased compared to the previous month due to seasonal factors, but increased year-on-year, and new energy vehicles continue to grow rapidly.