Mainland Chinese macroeconomic growth remained strong, China Passenger Car Association (CPCA) Secretary-General Cui Dongshu said, releasing the "Analysis of Automotive Submarket Trends and Manufacturer Competitive Performance for January 2026".

Driven by national consumer promotion policies, the mainalnd automotive market maintained robust growth, Cui said. Last year, the overall trend of the national automotive market was robust, with a noticeable recovery in the truck and bus markets.

Cui added that due to the exceptionally strong policy measures last year, there has been a significant policy contraction this year, leading to negative growth in passenger car retail sales in January. However, in light of increased exports, manufacturers' sales growth in January was relatively good.

The trend for new energy vehicles in January was relatively stable, mainly because the automotive export market continued to strengthen, but industry pressure remained high.
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AASTOCKS Financial News
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