Core Viewpoint - The Chinese automotive industry maintained stable operations in January 2026, with a slight increase in production but a decrease in sales compared to the previous year [1] Production and Sales - In January, the automotive production reached 2.45 million units, while sales totaled 2.346 million units, reflecting a production growth of 0.01% year-on-year and a sales decline of 3.2% [1] - The new energy vehicle (NEV) sector showed stable performance, with production and sales of 1.041 million and 0.945 million units respectively, marking year-on-year increases of 2.5% and 0.1% [1] Commercial Vehicles - The commercial vehicle market continued its positive trend, with both production and sales experiencing double-digit year-on-year growth in January [1] Exports - Automotive exports continued to grow, with NEV exports reaching 302,000 units, representing a year-on-year increase of 100% [1] Policy Impact - The Chinese government has introduced a series of policies aimed at benefiting both consumers and businesses, which are expected to stimulate market demand and support stable industry operations [1] - The "Two New" policies are being implemented smoothly, with local governments following up with detailed implementation rules [1] - The "Accelerating the Cultivation of New Growth Points in Service Consumption Work Plan" focuses on key areas such as automotive after-market services to invigorate market activity [1]