On July 9th, the China Association of Automobile Manufacturers (CAAM) released its forecast for the latter half of the year, highlighting that the 'Two New' initiatives—referring to new energy vehicles and intelligent connected vehicles—will proceed in an orderly fashion. The automotive aftermarket is poised for fresh growth, buoyed by a steady stream of innovative products from companies, stable market pricing, and an anticipated enhancement in the sector's economic vitality. Nevertheless, the external business landscape remains intricate and unpredictable, marked by heightened uncertainties. The challenge of sluggish domestic demand persists as a significant concern, imposing considerable operational strains on the industry. To navigate these challenges, it is imperative to solidify policy expectations, bolster guidance and oversight, keep a close watch on global developments, proactively tackle risks and obstacles, and actively pursue opportunities in international markets.