Smart and Sustainable Electric Mobility
The investigation will be concluded within 13 months, and any provisional anti-subsidy duties can be levied within nine months after initiation if legally warranted.
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Anhui's legislature has given the first review to a draft law on building local NEV clusters, China's first dedicated NEV-focused law.
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By the end of this year, Shenzhen residents can receive a subsidy of up to RMB 10,000 if they purchase NEVs when they scrap their old fuel cars.
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The EU should create a fair, non-discriminatory and predictable market environment for the joint development of the EV industry in China and Europe and jointly oppose trade protectionism, China's Ministry of Commerce said.
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Chinese EV manufacturers and their partners have continued to push the boundaries of innovation, resulting in a substantial industrial edge, and this advantage is not a product of state subsidies, a statement said.
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Analysts don't think the EU's allegations of low prices for Chinese EVs are valid, and there is no unity of opinion within the bloc.
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Global markets are now flooded with cheaper Chinese EVs and their price is kept artificially low by huge state subsidies, European Commission President Ursula von der Leyen said.
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In the first half of the year, NEVs, including BEVs and PHEVs, saw 152,033 license plate registrations in Shanghai, contributing to 51.24 percent of all vehicles.
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The document lists 10 measures, three of which are directly related to support for the NEV sector, and specifically mentions support for the battery swap model.
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China has revised its dual-credit policy, one of the key drivers of the rapid growth of the NEV industry, and the changes will take effect on August 1.
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China's so-called dual-credit policy, implemented over the past several years, has been a key driver of the rapid growth of the new energy vehicle (NEV) industry. Now the policy is seeing the latest revisions, with car companies earning fewer credits for producing NEVs.
China's Ministry of Industry and Information Technology (MIIT) today released the latest update to the policy, which will go into effect on August 1.
One of the most significant changes is the average reduction of about 40 percent in credits for standard models of new energy passenger vehicles, according to the MIIT.
After the adjustment, car companies will receive credits for each NEV produced calculated as follows:
For pure electric passenger cars, the credit calculation formula for standard models is 0.0034 x R + 0.2, where R is the range in km.
For plug-in hybrid passenger cars, a standard model's credit is 1.
For fuel cell vehicles, the credit formula for a standard model is 0.05×P, where P is the rated power of the fuel cell system in kW.
The upper limit of the standard model credit for pure electric passenger vehicles is 2.3, and the upper limit of the standard model credit for fuel cell passenger vehicles is 4.
Prior to this adjustment, NEV credits were calculated as follows:
For pure electric passenger vehicles, the standard model credit calculation formula was 0.0056 x R + 0.4.
For plug-in hybrid passenger vehicles, the standard model credit was 1.6.
For fuel cell vehicles, the standard model credit calculation formula is 0.08×P.
The upper limit of standard model credit for pure electric passenger cars is 3.4, and the upper limit of standard model credit for fuel cell passenger cars is 6.
Take a model with a CLTC range of 500 km as an example, before the latest adjustment, a car company could earn 3.2 credits. After August 1, the credit will be 1.9, a reduction of 40.63 percent.
China released the dual-credit policy in 2017, which is known as the " Parallel Management Measures for Average Fuel Consumption of Passenger Vehicle Enterprises and New Energy Vehicle Credits". The policy has been in effect since April 1, 2018.
Automakers that fail to meet the fuel consumption control requirements can offset the negative credits from excessive fuel consumption by generating their own NEV credits, or by purchasing credits from other companies.
If a car company is unable to get its negative credits to zero, then they need to submit a product adjustment plan to the MIIT and set a deadline for compliance.
Until their negative credits are zeroed out, the substandard products cannot be sold to the public.
In essence, this amounts to penalizing car companies that continue to produce vehicles powered entirely by internal combustion engines and using these fines to subsidize the production of NEVs.
In addition to reducing the number of credits generated per NEV produced, the latest adjustments include the establishment of a credit pool management system.
Under this system, when there are too many credits, automakers can voluntarily store positive credits in the pool, which is valid for five years. When the number of credits is too low, they can withdraw their stored positive credits.
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