On February 25, Cui Dongshu, the Secretary-General of the China Passenger Car Association, remarked in an article that by the end of January 2026, the inventory within the national passenger vehicle sector had reached 3.57 million units. This figure marked an 80,000-unit decrease from the preceding month, yet it was up by 580,000 units compared to January 2025, signaling a substantial inventory buildup. Considering a thorough assessment of the inventory status at the end of January and anticipated sales, the existing stockpile is sufficient to sustain sales for approximately 70 days. In comparison, the inventory supported 65 days of sales in January 2023, 70 days in January 2024, and 48 days in January 2025, indicating that the inventory pressure this January is notably higher. Focusing on the inventory fluctuations among companies exclusively manufacturing new energy vehicles, it is evident that with the implementation of measures to counter fierce competition, industry inventory climbed from 620,000 units in September to 720,000 units by January 2026. Although this reflects a 160,000-unit drop from the peak inventory, it is still a 60,000-unit increase from December. Lately, manufacturers and channel inventories of new energy vehicle dealers have encountered scenarios where market demand has not met expectations, leading to considerable overall inventory pressure across the industry.