Cui Dongshu: August auto market's month-on-month strengthening is only a structural repair; electrification iteration and overseas exports have become the core supports for the industry's long-term growth.

Cui Dongshu stated on September 14 that the current domestic auto market is characterized by prominent stock competition, surging export demand, and intensifying internal differentiation within the industry. The new energy vehicle market has bid farewell to all-round growth, showing a polarized trend of "explosive growth in high-end electric vehicles and pressure on mini electric vehicle models," with excessive declines in county and township markets and entry-level models. At the same time, the "new car effect" has become short-lived, greatly weakening its driving force on the market. Pressure at the channel end continues to mount, the industry's passive destocking pace is accelerating, and dealers are generally suffering losses with rising operational risks. Overall, the month-on-month strengthening of the auto market in August was only a structural repair, and electrification iteration and overseas exports have become the core support for the industry's long-term growth.