On January 22nd, according to the CPCA Branch, based on preliminary estimates, the total retail market for narrowly-defined passenger cars in January is expected to reach approximately 1.8 million units, representing a 20.4% month-on-month decrease and a slight 0.3% year-on-year increase. Among them, new energy vehicle retail sales are projected to reach around 800,000 units, with a penetration rate of approximately 44.4%.
