Articles Tagged with "Policy"

China allocates 300 billion yuan in special bonds to boost equipment upgrades, consumer goods trade-in programs
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 goods trade-ins (called "the Measures" for short)

Jul. 26 , 2024
Shanghai issues action plan for boosting car renewal, consumption
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.

Jul. 11 , 2024
China’s Qingdao city eyes annual NEV output of 400,000 units by 2025
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").

Jun. 13 , 2024
China exempts NEVs from 121.8 billion yuan worth of vehicle purchase tax, vehicle & vessel tax in 2023
China exempts NEVs from 121.8 billion yuan worth of vehicle purchase tax, vehicle & vessel tax in 2023

In 2023, the exemption of the vehicle purchase tax and the vehicle and vessel tax for new energy vehicles (NEVs) in China amounted to 121.8 billion yuan.

Jan. 18 , 2024
Shanghai’s Jiading district starts construction of ‘Silicon Industry Headquarters’ project
Shanghai’s Jiading district starts construction of ‘Silicon Industry Headquarters’ project

Shanghai's Jiading district has already broke ground on the Silicon Industry Headquarters project, according to a post on the WeChat account "Shanghai Jiading".

Dec. 20 , 2023
China raises technology requirements for new energy vehicles to qualify for purchase tax reduction and exemption
China raises technology requirements for new energy vehicles to qualify for purchase tax reduction and exemption

China adjusted technical requirements for new energy vehicle eligible for reducition and exemption of vehicle purchase taxes.

Dec. 12 , 2023