Group 1 - The Shanghai government has released measures to enhance service quality and boost consumption, including optimizing auto loan processes and relaxing application conditions [1] - Tesla China has introduced financial loan policies for Model 3, Model Y, and Model Y L, offering 5-year interest-free and 7-year low-interest options [4] - For the 5-year interest-free plan, the down payment for Model 3 and Model Y starts at 79,900 yuan, with a minimum monthly payment of 1,918 yuan; for Model Y L, the down payment starts at 99,900 yuan, with a minimum monthly payment of 2,947 yuan [4] Group 2 - According to the China Passenger Car Association, retail sales of passenger vehicles in December 2025 are projected to be 2.276 million units, a year-on-year decrease of 14.5% [4] - The total retail sales of passenger vehicles in 2025 are expected to reach 24.024 million units, reflecting a growth of 3.9% compared to 2024 [4] - Cumulatively, retail sales of new energy vehicles in 2025 are forecasted to be 12.809 million units, representing a year-on-year increase of 17.6% [4]