To implement earnestly Vehicle Purchase Tax Law of the PRC, China’s Ministry of Finance and State Taxation Administration jointly issued on May 24 the Announcement on Detailed Policies Concerning Vehicle Purchase Tax, which shall come into effect on
May 27 , 2019
On May 23, Chery Holdings Co.,Ltd signed a strategic cooperation agreement with China Everbright Bank for a credit line worth over RMB10 billion.
May 27 , 2019
The China-made Volvo XC40 officially hit China’s market on May 24 with suggested prices ranging between RMB264,800 and RMB385,800.
May 27 , 2019
JAC Motors and China National Machinery IMP. & EXP. CORP (CMC) struck a deal on May 21 to acquire a total of 51% stake in AllurGroup, the biggest automobile group in Kazakhstan.
May 23 , 2019
China’s ride-hailing giant Didi Chuxing has launched an intercity car-pooling service in Chengdu, the capital of China’s Sichuan Province, running along two routes between Jintang County and Pidu District.
May 23 , 2019
On May 20, the China Oil Consumption Cap Plan and Policy Research Project released a Study on China's Timetable For Phasing-out Traditional ICE-vehicles, which predicted the phasing-out progress of China’s internal combustion engine vehicles (ICEVs)
May 22 , 2019