China Association of Automobile Manufacturers: From January 1st to January 11th, the national retail sales of passenger vehicles decreased by 32% year-on-year.

The China Passenger Car Association released data showing that from January 1st to 11th, the national retail sales of passenger cars totaled 328,000 units, a decrease of 32% compared to the same period last year and a 42% decrease compared to the previous month. The total retail sales so far this year amount to 328,000 units, a 32% decrease compared to the same period last year. Additionally, from January 1st to 11th, the national retail sales of new energy passenger cars totaled 117,000 units, a 38% decrease compared to the same period last year and a 67% decrease compared to the previous month. The total retail sales of new energy passenger cars so far this year amount to 117,000 units, a 38% decrease compared to the same period last year.