According to an analysis by the China Association of Automobile Manufacturers, in the first three quarters, China's automobile production and sales declined slightly, and the overall market showed an “internal cooling and external heat” trend. Due to multiple factors, the domestic automobile market continues to be under pressure and has not been effectively improved; despite the complex and severe external environment, exports have continued to grow rapidly, showing strong resilience; new domestic momentum continues to be released, and the share of NEV sales has steadily increased. Looking ahead to the fourth quarter, the industry is expected to maintain a steady operating trend. Among them, exports are expected to continue to grow, and are expected to exceed 10 million units throughout the year; all 250 billion yuan of consumer goods trade-in funds have been issued, and the inventory policy will further enhance implementation efficiency. Combined with local and corporate consumer promotion activities, the decline in sales in the domestic market is expected to narrow.

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