- China lowers ultra-luxury car consumption tax threshold to 900,000 yuan
The retail price benchmark for levying consumption tax on ultra-luxury vehicles has been reduced from 1.3 million yuan to 900,000 yuan (excluding VAT).
July 18 , 2025
- China’s Zhengzhou city eyes 3 million vehicles of annual production capacity by 2025
Zhengzhou city, the capital of China's Henan province, is aiming to boost its total vehicle production capacity to 3 million units by 2025.
Sept. 23 , 2024
- China’s Henan province issues policy for development of low-altitude economy
The initiative aims to accelerate the development of the low-altitude economy in Henan province.
Aug. 12 , 2024
- China highlights EV charging network development in new action plan
The plan outlines specific measures in response to the rapid development of electric vehicle (EV) charging infrastructure, making the expansion of the EV charging network one of the nine key initiativ...
Aug. 07 , 2024
- China allocates 300 billion yuan in special bonds to boost equipment upgrades, consumer goods trade-in programs
On July 25, China's National Development and Reform Commission ("NDRC") and Ministry of Finance issued a notice on several measures to intensify support for large-scale equipment upgrades and consumer...
July 26 , 2024
- Shanghai issues action plan for boosting car renewal, consumption
the Shanghai Municipal Commission of Commerce has issued an action plan to accelerate vehicle retirement and renewal while optimizing the automotive market structure.
July 11 , 2024
- China’s Qingdao city eyes annual NEV output of 400,000 units by 2025
Recently, the municipal government of China's Qingdao city issued the Action Plan for the High-Quality Development of the New Energy Vehicle Industry in Qingdao ("the Action Plan").
June 13 , 2024
- China issues implementation plan for building carbon footprint management system
China's Ministry of Ecology and Environment, along with 14 other departments, jointly issued the "Implementation Plan for Establishing a Carbon Footprint Management System" (hereinafter referred to as...
June 05 , 2024
