China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
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Category: Policy
China eases auto loan policy to spur consumption
Cars for personal use will be eligible for 0 percent down payment, while previously consumers were required to pay at least 20 percent of down payment for conventional cars and at least 15 percent for NEVs.
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China issues guidelines to promote general aviation equipment, including eVTOLs
China aims to fully integrate general aviation equipment into all areas of production and life by 2030, creating a market in the scale of RMB trillions.
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China files WTO complaint over US IRA EV incentives
China urges the US to correct discriminatory industrial policies and maintain the stability of the global industrial chain and supply chain of NEVs.
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Senior Chinese official says state-owned automakers not moving fast enough on NEVs
China will tweak its policy to give the three centrally-administered automakers a separate assessment of their NEV businesses, a senior official said.
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China’s major automakers gather in Beijing to discuss industry development, report says
The meeting covered topics including promoting the development of the NEV industry, boosting NEV consumption, and encouraging the expansion in overseas markets, according to local media.
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EU investigators to come to China to inspect BYD, Geely and SAIC, report says
European Commission investigators will come to inspect Chinese carmakers in the coming weeks as part of an investigation into whether to impose punitive tariffs to protect Europe's EV makers, Reuters reported.
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China aims for NEVs to contribute 45% of new car sales by 2027
The previous target was for the figure to reach 40 percent by 2030 and 50 percent by 2035.
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China issues guidelines for vehicle-grid interaction, aims for NEVs to be mobile energy storage facilities
China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system.
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Factbox: China’s NEV purchase tax policy changes from Jan 1, here’s how
Simply put, consumers who buy NEVs with an invoice amount exceeding RMB 339,000 are required to pay purchase tax. Models that support battery swap get preferential treatment.
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