Policy
China offers incentives to boost old car replacements, analysts expect up to 2 million additional sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
China releases action plan to encourage trade-in of consumer goods including cars
China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
China eases auto loan policy to spur consumption
Cars for personal use will be eligible for 0 percent down payment, while previously consumers were required to pay at least 20 percent of down payment for conventional cars and at least 15 percent for NEVs.
China issues guidelines to promote general aviation equipment, including eVTOLs
China aims to fully integrate general aviation equipment into all areas of production and life by 2030, creating a market in the scale of RMB trillions.
China files WTO complaint over US IRA EV incentives
China urges the US to correct discriminatory industrial policies and maintain the stability of the global industrial chain and supply chain of NEVs.
EU investigators to come to China to inspect BYD, Geely and SAIC, report says
European Commission investigators will come to inspect Chinese carmakers in the coming weeks as part of an investigation into whether to impose punitive tariffs to protect Europe's EV makers, Reuters reported.
China aims for NEVs to contribute 45% of new car sales by 2027
The previous target was for the figure to reach 40 percent by 2030 and 50 percent by 2035.
China issues guidelines for vehicle-grid interaction, aims for NEVs to be mobile energy storage facilities
China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system.
Factbox: China's NEV purchase tax policy changes from Jan 1, here's how
Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.
US mulls raising tariffs on Chinese EVs, report says
The US government is discussing raising tariffs on some Chinese goods, including EVs, the Wall Street Journal reported. Chinese EVs currently entering the US are already subject to a 25 percent tariff.