China Association of Automobile Manufacturers: In June, automobile production and sales reached 2.507 million and 2.552 million units respectively, with a month-on-month increase of 5.7% and 5.6% respectively

The Chinese automotive industry has shown a growth trend so far this year, with car production and sales reaching 2.507 million and 2.552 million vehicles in June, an increase of 5.7% and 5.6% respectively. From January to June, car production and sales increased by 4.9% and 6.1% year-on-year. The market share of new energy vehicles is steadily increasing, with production and sales reaching 1.003 million and 1.049 million vehicles in June, an increase of 28.1% and 30.1% year-on-year. Chinese brand passenger car market share has exceeded 60%, achieving an upward breakthrough. Overall, the Chinese automotive industry has shown stable performance, with rapid growth in the new energy vehicle market