Policy
Shenzhen offers subsidies of up to $1,370 to encourage purchase of NEVs
By the end of this year, Shenzhen residents can receive a subsidy of up to RMB 10,000 if they purchase NEVs when they scrap their old fuel cars.
China urges dialog after EU announces anti-subsidy probe into EVs
The EU should create a fair, non-discriminatory and predictable market environment for the joint development of the EV industry in China and Europe and jointly oppose trade protectionism, China's Ministry of Commerce said.
China Chamber of Commerce expresses opposition to EU anti-subsidy probe against Chinese EVs
Chinese EV manufacturers and their partners have continued to push the boundaries of innovation, resulting in a substantial industrial edge, and this advantage is not a product of state subsidies, a statement said.
Analysts downplay impact of EU anti-subsidy probe on EVs from China
Analysts don't think the EU's allegations of low prices for Chinese EVs are valid, and there is no unity of opinion within the bloc.
EU announces anti-subsidy probe into EVs from China
Global markets are now flooded with cheaper Chinese EVs and their price is kept artificially low by huge state subsidies, European Commission President Ursula von der Leyen said.
Shanghai aims for BEVs to contribute over 50% of new car sales by 2025
In the first half of the year, NEVs, including BEVs and PHEVs, saw 152,033 license plate registrations in Shanghai, contributing to 51.24 percent of all vehicles.
China issues new measures to boost auto consumption with emphasis on support for NEVs
The document lists 10 measures, three of which are directly related to support for the NEV sector, and specifically mentions support for the battery swap model.
China issues new rules that will give automakers 40% fewer credits for each NEV produced
China has revised its dual-credit policy, one of the key drivers of the rapid growth of the NEV industry, and the changes will take effect on August 1.
China's extended tax breaks should facilitate steady EV sector growth, Fitch says
PHEVs get the same tax exemption as BEVs, and the extension of the tax break will attract more automakers to the market, Fitch said.
China's Ministry of Finance explains in detail how consumers will enjoy NEV tax breaks in 2024-2027
For a NEV with a pre-tax price of RMB 300,000, consumers will continue to be exempt from purchase tax from 2024-2025, while they will be subject to RMB 15,000 in purchase tax from 2026-2027.
