Based on a research report from Galaxy Securities, following the Spring Festival, the return to work and resumption of production unfolded in an orderly fashion, coupled with a rebound in market demand. This scenario paved the way for a subtle recovery in sales for leading automotive companies in March. With the Beijing Auto Show in the first half of the year drawing near, the market has entered a phase characterized by a flurry of new car releases. In March, several new models made their debut, including the extended-range version of the Xpeng G6, the Leapmotor A10, the BYD Song Ultra, along with facelifts for popular models like the Seres M7/M8 and the BYD Seal 07. Looking forward, the market is poised to witness an even greater influx of new car launches in April and May. These upcoming releases are anticipated to further galvanize market demand and fuel a sustained recovery in auto sales.