Market & Industry
China-built Tesla Model 3 Long Range exempted from vehicle purchase tax on NEVs
China-built Tesla Model 3 Long Range exempted from vehicle purchase tax on NEVs

The Model 3 Long Range built by Tesla (China) Co.,Ltd has been exempted from the vehicle purchase Tax on NEVs, according to a catalogue issued by China’s Ministry of Industry and Information Technology (MIIT) on March 12.

Mar. 15 , 2020
Hongqi defies against general downturn with 32.5% YoY jump in Feb. sales
Hongqi defies against general downturn with 32.5% YoY jump in Feb. sales

With 3,752 units sold, Hongqi, a premium auto marque of the state-run FAW Group, boasted a remarkable year-on-year growth of 32.5%, a very rare performance to the overall auto market which has been shocked by the coronavirus spread.

Mar. 13 , 2020
Automaker BYD works as the world’s biggest mask producer with 5 million units of daily capacity
Automaker BYD works as the world’s biggest mask producer with 5 million units of daily capacity

If it were not for the combat against the novel coronavirus, people would never expect that today’s largest facial mask producer in the world is an automaker.

Mar. 13 , 2020
CAAM proposes removal of NEV purchase limit, continuing NEV subsidy policy
CAAM proposes removal of NEV purchase limit, continuing NEV subsidy policy

China Association of Automobile Manufacturers (CAAM), the social organization where China auto outputs and sales are released from, on March 12 proposed the removal of NEV purchase limits.

Mar. 12 , 2020
Porsche China exits 2019 boasting remarkable sales performance and forges ahead into a new epoch
Porsche China exits 2019 boasting remarkable sales performance and forges ahead into a new epoch

In 2019, Porsche China delivered 86,752 new vehicles to customers, increasing 8% compared with 2018, and accounting for a total of 31% of Porsche AG worldwide sales.

Mar. 12 , 2020
China auto sales in Feb. plummet 79.1% year on year
China auto sales in Feb. plummet 79.1% year on year

China auto sales plunged 79.1% year on year to 310,000 units in February, according to the China Association of Automobile Manufacturers (CAAM).

Mar. 12 , 2020