Policy
China launches nationwide promotions to boost auto consumption
The moves include holding auto festivals in 100 cities and promoting consumption of NEVs in rural areas.
China to extend and optimize NEV purchase tax exemption policy, says State Council meeting
China will further stabilize market expectations, optimize the consumption environment, and release the consumption potential of NEVs to a greater extent, the meeting also mentioned.
China mulls extending tax exemption on cheaper NEVs for another 4 years, report says
China is considering extending the tax exemption for NEVs priced below 300,000 yuan for another four years to spur consumer demand, Bloomberg reported.
China issues policy to support NEV consumption in rural areas
A government document voices support for NEV development in rural areas in terms of NEV purchases, charging infrastructure development, and consumer education.
China allows 6-month sales extension for some ICE models based on existing emissions standard
China will implement the China 6b emissions standard on July 1, although some models will be given a six-month sales transition period.
China to introduce credit pool for NEV dual credit system that is expected to facilitate credit trading
Automakers can voluntarily apply for storage of positive credits when the supply exceeds demand, and release credits when the supply is less than demand.
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.
