- China’s Hefei to grant tax break, subsidies to boost car sales
The Hefei municipal government has released a slew of policies to help boost automobile consumption, as part of its economic stimulus package.
June 17 , 2022
- China’s Guangzhou to set up 10-billion-yuan fund for ICV, NEV development
China's Guangzhou plans to build a 10 billion yuan ($1.481 billion) worth of fund to promote the development of local intelligent-connected vehicle (“ICV”) and new energy vehicle (“NEV”) indus...
June 14 , 2022
- China to cut passenger vehicle purchase tax by 60 billion yuan
China will provide cuts of 60 billion yuan ($8.977 billion) on passenger vehicle purchase taxes.
May 24 , 2022
- China to remove caps on foreign ownership of local PV ventures from Jan. 1, 2022
China will scrap a limit on foreign ownership of passenger vehicle (PV) ventures starting Jan. 1 2022.
Dec. 28 , 2021
- Guangzhou expects automobile capacity to exceed 5 million units in 2025
Guangzhou is ambitious to see its automobile capacity surpass 5 million units in 2025, according to a document approved by Guangzhou municipal government on August 24 at a press conference.
Aug. 24 , 2020
- China’s Vehicle Inventory Alert Index in July almost remains flat over a year ago
China's Vehicle Inventory Alert Index (VIA) stood at 62.7% in July, which climbed 5.9 and 0.5 percentage points compared to the previous month and the previous year respectively, according to the Chin...
Aug. 03 , 2020
- Luxury auto brands move ahead of China’s overall PV sales recovery
Luxury brands defied the overall downward trend with their deliveries jumping 27% from a year ago to 246,236 units, versus the 5.1% and 17.3% decline in the sales of mainstream JV brands and China’s...
July 27 , 2020
- China wishes to spur NEV sales by stimulating demands of rural areas
Chinese authorities plan to hold activities in the second half of the year for bringing new energy vehicles (NEVs) to the countryside so as to spur the NEV sales that have been mired by prolonged down...
July 16 , 2020
