Data released by the China Passenger Car Association (CPCA) showed a preliminary estimate of approximately 1.85 million narrow-sensed passenger vehicles sold at retail in July, representing a YoY increase of 7.6% and a MoM decrease of 11.2%. Among these, new energy vehicle retail sales were estimated to reach 1.01 million units, with a penetration rate rising to about 54.6%.Related NewsG Sachs: Easing CN-US Trade Tensions/ Other Factors Boost A-shr Indices to New Highs; MSCI China Index Target Raised to 90