[CPCA Branch: Auto Market Growth Expected to Remain Relatively Stable in May] In April, 189,000 passenger NEVs were exported, up 44.2% YoY and 31.6% MoM. Among them, Tesla exported 29,728 China-made vehicles in April. The CPCA Branch stated that, driven by the national policies to stimulate consumption and the corresponding policies implemented by multiple provinces and cities, offline activities at auto shows in May will continue to energize the market atmosphere and accelerate the boost in popularity. Against the backdrop of an increasingly diverse brand product matrix, the launch of new vehicles at the Shanghai Auto Show this time was relatively mild. Domestic new energy vehicle brands mostly unveiled high-end and mid-range car models, while joint venture car models took the lead in launching new energy vehicles at surprise prices. The auto market growth is expected to remain relatively stable in May.