China Auto Market
Price wars fail to boost China's auto consumption
With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA 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.
Nio won't get involved in price war, exec says
China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an Nio executive said.
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.
China NEV sales up 106% year-on-year in Feb 1-12, CPCA data show
Much of this is likely due to a low base caused by last year's Chinese New Year holiday.
China unveils policy to boost consumption of NEVs in rural areas
BYD has six models on the list, and Leapmotor, WM Motor, Neta and Ora also have models eligible to participate in the campaign.
China halves purchase tax on mainstream ICE vehicles for rest of the year
The purchase tax will be cut in half for passenger cars of 2.0 liters and below with a purchase date between June 1 and December 31 and with a price not exceeding RMB 300,000.
Shenzhen issues measures to boost consumption, including NEVs
Shenzhen will increase the availability of quotas for regular cars and provide subsidies to consumers who buy NEVs.
China's July auto exports hit another record high, with NEVs contributing 31.5%
China exported 140,000 passenger cars in July, up 16.8 percent from the previous month and 2.1 times higher year-over-year.
