The CPCA predicts that the NEV penetration rate will reach a high of 45.5 percent in March, rebounding from the pre-holiday drop and increasing rapidly. China’s sales of new energy vehicles are expected to show significant growth this month compared to last month, as the impact of the Chinese New Year holiday diminishes. Preliminary data from the CPCA indicates that retail sales of passenger NEVs in China for March are estimated to be around 750,730 units, up 37.1 percent from the previous year and 93.2 percent from February. After the Chinese New Year break, NEV prices decreased, contributing to the reversal of the pre-holiday decline in NEV penetration. The CPCA plans to release preliminary data on March NEV sales early next month and final data later in the month. According to a survey, leading car manufacturers have set a goal of achieving 217% year-on-year growth in retail sales for March, which accounts for around 237.3% of passenger car sales. It is estimated that there will be a total of 22 million units sold, representing a 2200% increase from last year and a 22% increase from February. This aligns with the usual seasonal patterns seen in the auto market, as March is typically the busiest time for car sales.