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On May 7, China Galaxy Securities issued a research report revealing that several independent automakers have unveiled their April sales figures, showcasing impressive performance from leading brands. In April, the automotive market experienced a seamless transition, maintaining stability amidst a high comparative base resulting from the concentrated surge in auto purchase demand in March and consumers' cautious optimism as they awaited new vehicle launches at the Shanghai Auto Show in April. Nonetheless, the market penetration of new energy vehicles continued its upward trajectory. Post the auto show, the market is poised to witness a flurry of new product introductions, which is expected to further unleash auto purchase demand, thereby propelling the recovery of auto sales.
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