Articles Tagged with "Policy"

China reduces 7.1 billion yuan of car purchase tax in June
China reduces 7.1 billion yuan of car purchase tax in June

There were around 1.097 million cars benefiting from China’s car purchase tax breaks during the first month after the policy came into force, according to the data released by China's State Taxation Administration.

Jul. 5 , 2022
China’s Hefei to grant tax break, subsidies to boost car sales
China’s Hefei to grant tax break, subsidies to boost car sales

The Hefei municipal government has released a slew of policies to help boost automobile consumption, as part of its economic stimulus package.

Jun. 17 , 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
Shenzhen issues measures to boost automobile consumption
Shenzhen issues measures to boost automobile consumption

South China's metropolis of Shenzhen has released a slew of measures to spur automobile sales, according to a governmental document posted on the official website of Shenzhen's municipal government.

May 26 , 2022
China to cut passenger vehicle purchase tax by 60 billion yuan
China to cut passenger vehicle purchase tax by 60 billion yuan

China will provide cuts of 60 billion yuan ($8.977 billion) on passenger vehicle purchase taxes.

May 24 , 2022
SAIC Motor’s Roewe to raise NEV prices due to subsidy decline, chip shortage
SAIC Motor’s Roewe to raise NEV prices due to subsidy decline, chip shortage

Roewe, a brand of SAIC Motor Passenger Vehicle Company, has already joined the lineup of automakers who raise prices of new energy vehicle (NEV) models to handle the national NEV subsidiary reduction that has become effective since Jan. 1, 2022.

Feb. 14 , 2022