China NEV Market
CPCA head expects China's NEV sales to top 6 million in 2022 as consumers seize final subsidies
He expects China's NEV sales to increase significantly by the end of 2022 before subsidies are removed in 2023.
China's subsidies for NEVs will be reduced by 30% starting tomorrow and will no longer be available starting 2023
China's purchase subsidies for NEVs will be reduced by 30 percent in 2022, and no more subsidies will be provided in 2023.
Prominent economist says NEVs have most potential to replace real estate in economic contribution in China
Although the NEV industry currently contributes less than a tenth of what real estate does to the economy, it is growing at a very fast pace, according to Ren Zeping.
Beijing shifts 10,000 car license quotas from fuel vehicles to NEVs
Beijing's quota for fuel car license plates has been reduced from 40,000 in 2021 to 30,000 in 2022, and the quota for NEV license plates has been increased from 60,000 to 70,000.
Exclusive insurance for NEVs officially available in China
The exclusive coverage is expected to see a drop in insurance costs for about 80 percent of NEV owners, but some users say Tesla is facing significant premium increases.
China's auto market to open further to foreign investment as new rules set to go into effect in Jan
For more than two decades previously, China has had strict restrictions on the share ratios of Chinese and foreign joint ventures in automobiles.
China's new rules encourage automakers to install brake energy recovery systems
Energy-efficient technologies, including brake energy recovery systems, will be included in the 2021-2023 dual-credit assessment.
China's NEV sales expected to reach 5 million units next year, CAAM official says
The official expects China's vehicle sales to reach 26.1 million units this year, up 3.1 percent year-on-year, and are expected to reach 27.5 million units next year, up 5.4 percent year-on-year.
China sees nearly 160,000 NEV-related company registrations in Jan-Nov
As of now, there are 409,000 NEV-related companies in China, with Shanghai being the city with the most, with 18,200.
China's NEV industry finally gets dedicated insurance clauses
Dedicated insurance coverage will ease some consumer concerns about buying NEVs.