According to the analysis of the China Association of Automobile Manufacturers, the overall operation of China's automobile industry remained stable in the first half of the year, with the cumulative decline in production and sales narrowing month by month. The market flow mainly presents three divisions: first, there is significant pressure on domestic demand, with double-digit decline in sales; Export growth exceeded expectations, forming stable support. Secondly, the passenger car market has performed poorly, with a slight decline; The commercial vehicle market continues to show a positive trend, with sales maintaining growth. The third is the continuous transformation of new and old driving forces in the industry, with the traditional fuel vehicle market further shrinking and new energy vehicles steadily growing.

(Author Shanghai Securities Journal)