Policy News

China will strictly investigate and punish hoarding, price gouging and unfair competition in the upstream and downstream lithium battery industry to maintain market order, a government document said today.

As of November 10, a total of 4.48 million NEVs has been sold in China this year, up 78.1 percent year-on-year.

From now until March 31, 2023, Sanya is offering additional subsidies for battery swap-enabled models.

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.