Articles Tagged with "Policy"

China cuts 23.04 billion yuan of car purchase tax in Jun.-Aug. period of 2022
China cuts 23.04 billion yuan of car purchase tax in Jun.-Aug. period of 2022

There were around 3.553 million cars benefiting from China's car purchase tax breaks in the Jun.-Aug. period of this year, according to the data released by China's State Taxation Administration.

Sep. 13 , 2022
China’s Hainan province highlights goal of banning oil-fueled vehicle sale by 2030
China’s Hainan province highlights goal of banning oil-fueled vehicle sale by 2030

Hainan, the first province in China to come up with the timeframe of banning the sale of oil-fueled automobiles, stressed the aim in an implementation scheme for peaking carbon dioxide emissions issued by Hainan provincial government today.

Aug. 22 , 2022
Guangzhou releases policies to boost vehicle, auto parts industrial chain development
Guangzhou releases policies to boost vehicle, auto parts industrial chain development

The municipal government of Guangzhou, the capital of China’s Guangdong province, recently issued a document including a slew of measures to boost the development of automobile and key auto component industrial chains.

Jul. 20 , 2022
China’s Guangzhou to set up 10-billion-yuan fund for ICV, NEV development
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”) industries.

Jun. 14 , 2022
China’s MIIT to conduct study on whether to extend NEV purchase tax exemption
China’s MIIT to conduct study on whether to extend NEV purchase tax exemption

Xin Guobin, vice minister of China's Ministry of Industry and Information Technology (MIIT), said on Tuesday at a press conference that a study would be made as soon as possible on whether to continue the preferential tax policy for NEV purchase.

Jun. 14 , 2022
Shanghai’s Jiading District to boost car sales by offering subsidies
Shanghai’s Jiading District to boost car sales by offering subsidies

Jiading District in east China's Shanghai recently issued a slew of policies for spurring car shopping demands, one of which is to offer car buyers subsidies.

Jun. 1 , 2022