The Galaxy Securities Research Report said that in August, the car market benefited from a recovery in production and consumption after the off-season. Domestic passenger car sales increased month-on-month, and exports stabilized, continuing the year-on-year high growth trend. New energy continued to contribute to the core momentum of export growth. The domestic commercial vehicle market performance was relatively stable. The penetration rate of new energy sources rose to close to 50%, and the high increase in truck exports led to a continued boom in commercial vehicle exports. Looking ahead to the future market, as the market enters the “Golden Nine Silver Ten” and peak consumption season at the end of the year, new energy is expected to continue to be the core driving force for the recovery of the domestic car market and the surge in exports. Car market sales are expected to increase month-on-month, driving the recovery of the business in September and Q4.

The Galaxy Securities Research Report said that in August, the car market benefited from a recovery in production and consumption after the off-season. Domestic passenger car sales increased month-on-month, and exports stabilized, continuing the year-on-year high growth trend. New energy continued to contribute to the core momentum of export growth. The domestic commercial vehicle market performance was relatively stable. The penetration rate of new energy sources rose to close to 50%, and the high increase in truck exports led to a continued boom in commercial vehicle exports. Looking ahead to the future market, as the market enters the “Golden Nine Silver Ten” and peak consumption season at the end of the year, new energy is expected to continue to be the core driving force for the recovery of the domestic car market and the surge in exports. Car market sales are expected to increase month-on-month, driving the recovery of the business in September and Q4.