On February 19th, the Passenger Car Association released data indicating that passenger vehicle retail sales from February 1st to 16th amounted to 581,000 units. This represents an 11% year-on-year increase but a 28% decrease compared to the same period last month. Since the start of the year, cumulative retail sales have reached 2.375 million units, marking a 7% year-on-year decrease. During this same timeframe, new energy passenger vehicle retail sales totaled 263,000 units, showing a robust 79% year-on-year growth but a 17% month-on-month decline. Cumulatively, new energy passenger vehicle sales have reached 1.007 million units, up 23% from the previous year.
