Articles Tagged with "Policy"

China’s Hunan Province eyes 1.5 million units of annual automobile output by 2025
China’s Hunan Province eyes 1.5 million units of annual automobile output by 2025

China's Hunan province is ambitious to hit an annual automobile output of 1.5 million units by 2025, over 1 million units of which will be new energy vehicles.

Oct. 18 , 2022
China extends NEV purchase tax exemption to end of 2023
China extends NEV purchase tax exemption to end of 2023

China has extended the exemption of purchase taxes on NEVs by another year to the end of 2023, as part of measures to boost auto sales and the NEV industry development, according to a notice today jointly issued by China's MIIT.

Sep. 26 , 2022
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 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