China Association of Automobile Manufacturers: In August, the production and sales of passenger cars reached 2.5 million and 2.54 million, respectively, representing a year-on-year increase of 12.5% and 16.5%, respectively.

According to the Wise Finance and Economics app, on September 15th, according to an analysis by the China Association of Automobile Manufacturers, in August, the policy of trading in old cars for new ones continued to show results, with some regions that had temporarily suspended implementation resuming subsidies. Policies such as consumer loan support have stabilized consumer confidence, and the continuous launch of new car models by companies has helped the passenger car market to operate smoothly, achieving year-on-year growth in sales volume.