[National Bureau of Statistics: PV Equipment and Components Manufacturing Prices Dropped 13.0% YoY in February] According to the website of the National Bureau of Statistics (NBS), Dong Lijuan, chief statistician of the Urban Department at NBS, interpreted the CPI and PPI data for February 2025. In the equipment manufacturing sector, PV equipment and components manufacturing prices dropped 13.0% YoY, electronic semiconductor material prices fell 9.7% YoY, and automobile manufacturing prices decreased 4.6% YoY, with all declines narrowing compared to the previous month. (National Bureau of Statistics)

In the second month of 2024, China's domestic passenger vehicle (PV) retail sales reached 1.095 million units, marking a YoY decrease of 21% and a MoM plunge of 46.2%.