On February 26th, the China Passenger Car Association (CPCA) unveiled data indicating that retail sales of new energy passenger vehicles from February 1st to 23rd totaled 445,000 units, marking a robust 77% year-on-year growth but a 16% decline compared to the previous month. Since the start of the year, cumulative retail sales have reached 1,189,000 units, representing a 29% increase year-on-year. Meanwhile, during the same period, manufacturers' national wholesale volume of new energy passenger vehicles stood at 517,000 units, soaring 128% year-on-year but decreasing 19% month-on-month. Cumulative wholesale sales have hit 1,406,000 units, up 52% from the same period last year.