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Galaxy Securities research report pointed out that benefiting from the normal progress of work resumption and production resumption after the Spring Festival and the rebound in market demand, the sales volume of top car companies in March showed a mild recovery. After the Spring Festival, the market entered the period of intensive release of new cars with the Beijing Auto Show in the first half of the year. In March, new models such as Xiaopeng G6 extended range version, Lixiang A10, BYD Song Ultra, Jihu Alpha S5, and Weimar M7/M8, BYD Seal 07, Tengshi Z9GT, Xiaomi SU7, Enjoy S9/S9T, and Zhi Jie S7 and other popular models have been successively launched. Looking ahead, as the Beijing Auto Show approaches, the market is expected to see more new car supply in April-May, which is expected to stimulate market demand and drive the continued increase in car sales.
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