Policy News

Three Chinese government departments announced in a joint statement that NEVs purchased between January 1, 2023 and December 31, 2023 will be exempt from purchase taxes.

China supports NEV companies to accelerate the construction of overseas marketing and after-sales service networks and increase brand promotion efforts, a senior official said.

China's policy is expected to exempt about RMB 100 billion of NEV purchase taxes next year.

The US government authorized A100 and H100 order fulfillment and logistics through the company's Hong Kong facility through September 1, 2023, Nvidia said.

The US should immediately stop its wrongdoing and treat companies from all countries, including Chinese companies, fairly, China's Ministry of Commerce said.

Nio is using the Nvidia HGX A100 to build a data center infrastructure to accelerate the development of smart driving technology.

The issue was caused by the relocation of Xpeng's Shanghai service center resulting in relevant information not being uploaded in a timely manner, according to local media.

Shanghai was the fourth-largest city for Xpeng P7 sales in the first half of the year, and the second-largest city for Xpeng P5 and G3 series sales.

By 2030, 100 percent of new and replacement vehicles in the private sector in Hainan will be NEVs.

China will establish a coordination mechanism for the development of the NEV industry and will vigorously build charging piles.