CPCA Sub-Association: It is expected that the growth of the auto market in May will be relatively stable.

The Federation of Passenger Association stated that, under the promotion of national consumption and corresponding policies in multiple provinces and cities to boost consumption, the offline activities of the May auto show continue to enhance the market atmosphere and will accelerate the increase in popularity. Against the background of an increasingly rich brand product matrix, the new car releases at the Shanghai auto show this year have been moderate, with many independent new forces launching mid-to high-end car models, and joint venture models leading the way in launching new energy vehicles at surprising prices. It is expected that the growth of the auto market in May will be relatively stable. Due to the drastic changes in the external environment, and the significant external pressure of unexpectedly high tariffs, consumer sentiment has also been somewhat affected. However, this impact may gradually emerge in the market performance in the following months, and with the country's policy direction to promote domestic demand, the trend of development driven by "domestic demand and external demand" is increasingly evident. The stabilizing effect of the passenger vehicle market on domestic demand will continue to be reflected, and the exploration of export business in relatively relaxed overseas automobile markets by countries and regions is expected to become a new growth driver for automotive companies.