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According to a research report by China Galaxy Securities, several independent brands have recently unveiled their April sales figures, showcasing impressive performance from leading names. Overall, the automotive market experienced a seamless transition in April. Given the surge in car purchase demand concentrated in March, which established a relatively high baseline, coupled with anticipation of new vehicle launches at the Shanghai Auto Show in April, consumers tended to postpone their decisions. However, the market penetration of new energy vehicles continued its upward trajectory. Following the auto show, the market is poised to witness a flurry of new product introductions, and it is anticipated that the pent-up demand for car purchases will be further unleashed, propelling a rebound in auto sales.
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