Group 1 - The core viewpoint of the news highlights that the sales share of Chinese brand passenger cars reached a historical high of 68.7% in the first four months of 2025, with April's sales increasing by 23.5% year-on-year [1] - The automotive industry is experiencing structural growth driven by the "Manufacturing Power" policy, with the added value of the equipment manufacturing industry growing by 9.8%, particularly strong performance in the automotive sector [1] - Retail sales in the passenger car market increased by 14% year-on-year, although there was a month-on-month decline of 9.4%, indicating that the market remains at a historically high level for April [1] Group 2 - The Ministry of Industry and Information Technology plans to introduce a new round of growth stabilization measures for the automotive industry, which, along with the "trade-in" policy, is expected to support demand [1] - The trend towards high-end and intelligent vehicles continues, with the added value of smart device manufacturing growing by 20.2%, indicating strong momentum for industrial upgrades [1] - The reliance on exports to the U.S. for complete vehicles is low, and the recent U.S.-China trade talks are not expected to significantly impact complete vehicle exports, but may provide a short-term boost to auto parts exports [2]