On July 10, the China Association of Automobile Manufacturers (CAAM) announced data revealing that automobile production and sales surpassed 15 million units from January to June, marking a new historical high. Industry experts attribute this achievement to the implementation of various policies that have bolstered the domestic demand market, thereby underpinning the overall expansion of the automotive sector. Looking ahead, it is anticipated that the "two new" policies, along with corporate initiatives, will continue to propel sustained growth within the automotive industry throughout the second half of the year.
