BREAKING: China mulls extending EV subsidies due to expire at year-end, report says
China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.
China expected to introduce new policies to boost rural car consumption in early June, report says
China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs, according to local media.
China to issue new policies to boost car consumption in rural areas as soon as this month, report says
A new round of policies to boost auto consumption in rural areas will be released soon, possibly as soon as this month, Cailian reported.
China plans to end crackdown on tech giants amid economic slowdown, reports say
China plans to hold a symposium with the country's big tech companies to show them that the regulatory storm will end to support the economy, according to multiple reports.
EV stocks surge in Hong Kong as top meeting vows to stabilize China's economy
At press time, NIO was up 6.96 percent in Hong Kong, XPeng was up 5.61 percent and Li Auto was up 7.08 percent.
Guangdong introduces new measures to encourage consumption, including NEVs
On top of state subsidies, Guangdong will offer additional subsidies to consumers who purchase NEVs.
China drafting action plan to promote charging facilities along public roads
China's Ministry of Transport has drafted the plan and is seeking comments from different regions.
China will push NEV material prices to return to rationality as soon as possible, official says
China will accelerate the development of domestic resources, crack down on hoarding and other unfair competition, and push raw material prices to return to rationality as soon as possible, the MIIT spokesman said.
Guangdong aims to have 250,000 public charging piles by end of 2025
Guangdong aims to have a convenient, efficient and moderately advanced charging network system in place by the end of 2025.
BREAKING: China's securities regulator issues new draft regulation, hinting at positive surprise on audit issues
"This reflects the consistent openness of Chinese regulators to cross-border audit and regulatory cooperation and is in line with relevant international practices," the CSRC said.