In August 2024, with the in-depth implementation of incentive policies such as the replacement of old vehicles and the positive response of local governments, the effect gradually emerged, injecting significant growth momentum into the new car market. At the same time, the voice of "anti-internal volume" from multiple participants in the industry has become increasingly strong, effectively promoting the market terminal price to stabilize, significantly reducing the wait-and-see attitude of consumers, and significantly enhancing market confidence. As a result, the auto market in August showed a strong vitality, with the opportunity of Chengdu Auto Show, major car companies have shown many new cars and preferential activities, successfully attracted the attention of many consumers, stimulate the enthusiasm to buy.

In August 2024, the top three positions in the car market concern list are: BYD Qin L,Xiaomi SU7, and Stelato S9

     Entering the summer of August, in order to meet the upcoming gold nine silver ten, the car market has gradually become active, major brands have launched heavyweight new products, trying to seize the opportunity in the fierce market competition. The top three positions in the car market concern list this month were firmly occupied by BYD Qin L, Xiaomi SU7 and the new dark horse Stelato S9, which have won widespread attention and recognition in the market with their unique charm and innovative technology.

     On August 6, Harmony Intelligent Mobility Alliance officially unveiled its ingenious masterpiece -Stelato S9 medium and large sedan. This model leads the industry trend with its advanced design concept, perfectly integrates excellent driving performance with the intelligent experience of the Haimony Intelligent Mobility Alliance ecosystem, and brings unprecedented new driving feelings to drivers. Stelato S9 carefully created two configuration models, the price range is accurately positioned between 399,800 yuan and 449,800 yuan, directly pointing to the high-end car market. At the beginning of listing,Stelato S9 has attracted a large number of fans' warm attention with its excellent product power and unique charm, and sales and reputation have both climbed, injecting a strong new force into the car market.

     At the same time, Xpeng Motors is closer to the young consumer group, launched a new compact sedan Xiaopeng MONA M03 on August 27. The new car offers consumers three well-equipped models to choose from, with a price range of 119,800 yuan to 155,800 yuan. With its fashion-forward design, intelligent driver assistance system and ultra-high cost performance, the new car quickly won the favor and praise of the market. It has become one of the popular choices for young consumers when buying cars, perfectly satisfying their diversified pursuit of fashion, intelligence and cost performance.

    On August 30, the much-anticipated 2024 Chengdu Auto Show opened. At the auto show, SAIC Volkswagen brought the latest work of the Passat series - Passat PRO, and made a global debut. As a classic inheritance of SAIC Volkswagen, Passat PRO has integrated more modern technology and luxury elements on the basis of retaining the essence of the brand to show the public with a new look. The debut of the Passat PRO not only shows SAIC Volkswagen's unremitting pursuit and dedication to quality and innovation, but also injects new vitality and inspiration into the car market.

In August 2024, the top three positions in the SUV market concern list were: Tesla Model Y, BYD Song L DM-i, and Aito M7

     In August, the competitive heat of the SUV market significantly exceeded the car market, and major brands have shown their trump cards to try to occupy a place in the hearts of consumers. In this year's list of attention, Tesla Model Y with its new appearance design and strong brand influence, sit firmly at the top of the throne; And BYD Song LDM-i, with its deep accumulation in the field of new energy, followed; With intelligent configuration and excellent driving experience, the M7 ranks among the top three, highlighting the strong rise of domestic new energy vehicles.

    On August 26, the grand listing of M7 Pro in the sector once again attracted wide attention from the market. The new car has carried out a comprehensive innovation in the intelligent driving assistance system, equipped with the HUAWEI ADS basic version, integrated a series of cutting-edge scientific and technological functions such as NCA intelligent driving navigation assistance, AEB active safety, intelligent parking assistance, and introduced the CDC continuous variable damping shock absorber technology, which greatly improves the driving comfort and driving stability of the vehicle. It further consolidated its leading position in the mid-to-high-end SUV market.

    Wuling Starlight S followed, as a new compact SUV based on Wuling's independent research and development of Tianyu architecture D platform, not only inherited the Wuling brand's consistent practical design concept and cost-effective advantages, but also achieved a major breakthrough in the field of power system, while providing pure electric and plug-in hybrid two options to fully meet the individual needs of different consumers. Its price positioning is equally accurate, with a guide price range of 998-129,800 yuan, which will undoubtedly trigger a new round of competitive changes in the compact SUV market.

   In addition, Cadillac XT5, BMW X3 and other traditional luxury brands, as well as equation Leopard Leopard 5, RAV4 and other popular models have also launched new models, through the design, configuration, power system comprehensive upgrade, continue to attract the attention of consumers and favor. The release of these new models has not only enriched consumers' car purchase choices, but also promoted the continued prosperity and development of the SUV market. In this rapidly changing market, the arrival of each new car can become a key factor affecting the market landscape.

In August 2024, the top three spots on the MPV market focus list were: SIENNA, Buick GL8, and VOYAH Dreamhome

   In the MPV attention list in August, a new round of innovation and competition is quietly brewing. With the increasing demand of consumers for multi-functional, high-quality mobility, major car companies have increased their efforts to occupy a place in this market segment. In this year's list, the SIENNA Sienna and Buick GL8 with their deep brand heritage and market recognition, remain at the forefront. With its stunning appearance at the Chengdu Auto Show and a series of forward-looking scientific and technological configurations, VOYHA Dreamers successfully ranked among the top three, indicating that the transformation of new energy vehicles in the MPV field has gradually deepened.

   The appearance of the new VOYHA Dreamers is undoubtedly a highlight of this Chengdu Auto show. It not only in the appearance, interior carried out a bold innovation, but also in the intelligent aspect of a solid step. The new car is equipped with Huawei Qiankun 3.0 intelligent system and high-precision 192-line Lidar, which has achieved a qualitative leap in intelligent driving assistance, providing users with a safer and more convenient travel experience. This series of upgrades undoubtedly makes VOYHAD dreamers more noticeable in the medium and large MPV market, and also sets a new benchmark for new energy vehicles in the high-end MPV field.

   At the same time, BYD's entry has injected a new vitality into the medium and large MPV market. The release of BYD Summer not only marks BYD's official entry into this market segment, but also highlights its technological accumulation and brand influence in the field of new energy. With the formation of Denza D9, BYD Xia will undoubtedly bring great pressure to traditional MPV giants such as Buick GL8, and promote the further reshuffle and upgrade of the entire market.

   In addition, the launch of the new Mercedes-Benz V-Class and Vito further broadened the product line of the medium and large MPV market, meeting the pursuit of high-end consumers' personalized needs. Hyundai Motor continues to adhere to its people-oriented approach, launching the 2024 Kustu, with a price range locked between 171,800 and 220,800 yuan. With its affordable price, practical configuration and more stylish and dynamic appearance design, this model not only retains the practicality and comfort of family cars, but also adds more fashion elements, providing consumers with more diversified choices.

In August 2024, the top three positions in the new energy market concern list are: BYD Qin L, Xiaomi SU7, and Stelato S9

   The grand opening of the Chengdu Auto Show has added the most profound color to the new energy market in August, not only becoming the forefront of technological change and innovation, but also bringing together the focus of global consumers and the industry. BYD Qin L and Xiaomi SU7, as industry leaders, continue to rank at the forefront of the list, leading the trend of new energy technology with their excellent technical strength and forward-looking design concept. And Stelato S9, with its strong technical strength and brand influence backed by Huawei, successfully ranked among the top three, showing its extraordinary market competitiveness and brand charm.

   In this grand new product feast, major car companies have appeared, with their latest works, competing in this new energy market full of opportunities and challenges to seek breakthroughs and development. In addition to the already widely acclaimed Stelato S9, AITO M7, Xiaopeng MONA M03 and other models, the debut of Geely Galaxy E5 is even more impressive. It not only marks the deepening of Geely's strategic layout in the field of new energy, but also the integration of its unique design aesthetics and cutting-edge technology, which quickly attracted widespread attention and praise from the industry.

   With its forward-looking design concept, Geely Galaxy E5 breaks the boundaries of traditional SUVs, perfectly integrates technology and aesthetics, and shows the infinite possibilities of future travel. In terms of performance, it also lives up to expectations, the application of the Galaxy 11 in 1 intelligent electric drive system, so that the power output is more smooth and efficient, and the latest generation of "blade type" lithium iron phosphate battery - SHIELD short knife battery, provides the vehicle with lasting endurance and excellent safety performance.

   What is more remarkable is that Geely Galaxy E5 has set its sights on the global market from the very beginning, and this global strategic vision not only reflects the ambition of the Geely brand, but also lays a solid foundation for its market expansion on a global scale. The design of the left and right rudder models has fully considered the actual needs of users in different countries and regions, showing the Geely brand's deep insight and respect for user needs.

   In addition, Geely Galaxy E5 is also equipped with the Galaxy Flyme Auto system and Flyme Sound Boundless voice jointly created with Star Meizu, bringing users an unprecedented intelligent and personalized driving experience. The application of these innovative technologies not only enhances the overall competitiveness of the vehicle, but also further promotes the development of the new energy vehicle industry to the direction of intelligence and networking.

   Since 2024, the national and local governments have coordinated to promote and intensively released a series of promotion measures such as car replacement. A number of provinces and cities, including Zhejiang, Guangdong, Sichuan, Chongqing, Shanghai and Beijing, have responded by launching their own car replacement subsidy programs, injecting a strong impetus to boost the auto consumer market. With the gradual emergence of the effect of scrapping for new policies and the continuous increase of local new policies, the overall auto market has obvious signs of recovery. With the profound changes in the automotive energy structure, the market penetration rate of new energy vehicles has exceeded 50%. With the approach of the traditional sales season of "gold nine silver ten", September ushered in a pleasant autumn season, superimposing the effect of the Mid-Autumn Festival, National Day and other holidays, providing consumers with a more comfortable car buying environment. In addition, the grand autumn auto show held in many places and the various promotional activities launched by dealers in order to sprint quarterly sales, together to promote a significant increase in store traffic, indicating that the auto market will usher in a sales boom again.