Cui Dongshu, Secretary General of the Passenger Transport Federation, wrote on WeChat that under the influence of a combination of factors such as wait-and-see brought about by expected stimulus policies and the promotion war further fueling wait-and-see sentiment, manufacturers drastically reduced production this year to cope with the market downturn. Although the trend of new energy in March was not strong, the national passenger car inventory fell to 3.33 million units at the end of March, of which manufacturers' inventories accounted for 19.7%. Due to the gradual recovery of the market after the Spring Festival price reduction in February, the current inventory of 3.33 million units at the end of March supports 57 days of future sales, which is a good drop from 62 days in March last year.