CnEVPost Newsletter: China extends NEV purchase tax breaks for 4 years
CnEVPost Newsletter: China extends NEV purchase tax breaks for 4 years
China extends NEV purchase tax breaks for 4 years
China will exempt the purchase tax on NEVs with a purchase date between January 1, 2024, and December 31, 2025, but the tax exemption will not exceed RMB 30,000 yuan ($4,170) per vehicle.
China's vehicle purchase tax exemptions expected to reach $72 billion in 2024-2027
China's cumulative tax exemptions for NEVs exceed RMB 200 billion by the end of 2022.
NIO welcomes China's move to extend tax breaks for NEV purchases
From now until 2027, pure electric vehicles will continue to enjoy purchase tax incentives, which will give NIO vehicles a significant advantage over fuel-powered luxury vehicles in terms of purchase costs, NIO said.
NIO's William Li attends high-level Sino-German meetings as Chinese Premier visits Europe
NIO was invited to attend a roundtable of Sino-German entrepreneurs and was the only smart electric vehicle company present.
NIO says Abu Dhabi investment took just 3 weeks from talk to deal
The partnership, which went from discussion to agreement in just three weeks, demonstrates Abu Dhabi's commitment to investing in technology innovation and clean energy transformation, NIO said.
XPeng plans to launch right-hand drive model in Hong Kong next year, report says
Right-hand drive is a large segment of the overall EV market, and XPeng is determined to build itself into a strong global EV company, the South China Morning Post quoted XPeng's president as saying.
XPeng to equip its vehicles in Europe with Twine4Car infotainment system for better experience
This will start with the all-electric XPeng P7 sedan, with European deliveries set to begin this summer.
Li Auto CEO reaffirms goal of reaching 1.6 million annual sales by 2025
Li Auto aims to reach annual sales of 1.6 million vehicles and annual revenue of RMB 500 billion by 2025, its CEO said.
BYD delivers 1st 100 Yuan Plus EVs in Mexico
Delivery of 100 Yuan Plus units was made by BYD and three Mexican dealers.
New patent hints BEV maker Avatr may launch models with combustion engines
The appeal of PHEVs or EREVs is clearly hard for Chinese EV companies to ignore, and the strong deliveries of the Li Auto further underscore this.
China NEV retail at 320,000 in Jun 1-18, up 5% from same period last month, CPCA data show
So far this year, China's retail sales of passenger NEVs were 2.74 million units, up 35 percent year-on-year.