According to the latest data from the China Passenger Car Association (CPCA), passenger vehicle retail sales nationwide reached 1.391 million units from April 1st to 27th, marking a 10% increase year-on-year but a 10% decrease month-on-month. Since the start of the year, cumulative retail sales have totaled 6.518 million units, representing a 7% growth compared to the same period last year.

During the same timeframe, new energy passenger vehicle sales nationwide amounted to 728,000 units, a notable 24% increase year-on-year despite a 10% month-on-month decline. This translates to a retail penetration rate of 52.3% within the new energy vehicle market. Since the beginning of the year, cumulative retail sales in the new energy market have reached 3.148 million units, signifying a robust 33% year-on-year growth.