Policy

BYD chairman calls on China to extend NEV tax exemption until 2025

The world economy is currently in a difficult period of complexity and change, and dealing with risks and challenges requires firm confidence and stable expectations, Wang said.

China to allow extended sales periods for ICE models based on existing emissions standard, report says

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor.

Beijing, Xi'an latest cities to offer subsidies to encourage residents to buy NEVs

Beijing is offering subsidies of up to RMB 10,000 for residents to purchase NEVs, while Xi'an is offering subsidies of up to RMB 6,000 for NEV purchases and RMB 10,000 for the installation of charging piles.

China's transition to new emission standard: How will this affect auto market?

Analysts believe the impact of the transition will not last long and will have less of an impact than the last switch in standards in 2019.

Automakers in central China's Hubei offer hefty subsidies as sales pressure mounts

Authorities in Hubei province have joined forces with local automakers this month to offer subsidies for car purchases of up to RMB 90,000 yuan ($13,000) for some models.

Turkey slaps additional tariffs on Chinese EV imports to boost local project

Turkey has imposed an additional 40 percent tariff on China-made electric vehicles as the country prepares to launch its first locally produced EV, the Togg.

Beijing to renew trade-in subsidies that encourage NEV purchases

Beijing introduced a policy to encourage residents to replace their vehicles with NEVs in June 2022, and it expired at the end of last year.

China launching pilot program to boost EV adoption in public sectors

This is the latest measure in China aimed at boosting the EV industry, which previously saw high growth in the private sector.

Shanghai extends $1,500 subsidy to encourage residents to replace cars with EVs

The policy was first released in Shanghai last May and was valid until the end of 2022.

Beijing to hand out 100,000 license plates in 2023, 70% to EVs

From January to October 2022, a total of 493,600 new vehicles were sold in Beijing, 34.24 percent of which were NEVs.