CnEVPost Newsletter: China NEV insurance registrations; purchase tax policy in detail
CnEVPost Newsletter: China NEV insurance registrations; purchase tax policy in detail
China NEV insurance registrations for week ending Jun 25: Tesla 16,700, Li Auto 7,500, Nio 3,200
Nio sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.
Li Auto CEO denies raising sales target for this year to 400,000 units
Li Auto finished the first half of the year with more than 130,000 units sold and does not have any ability to sell 400,000 vehicles for the full year, its CEO said.
Great Wall Motor steps up electrification transition as Tank brand launches 1st NEV model
The Tank brand has launched its first NEV model, the Tank 500 Hi4-T. The brand has sold more than 10,000 fuel-powered vehicles in most months of the past year.
Changan teases electric sedan under new brand
The Qiyuan A07 is a mid to large-size sedan that will be offered in BEV and EREV versions, a previous regulatory filing shows.
Chinese self-driving truck startup sued by Pony reportedly winding down
Just 19 months old, Qingtian Truck is nearing a shutdown and employees have been dismissed, according to local media.
China's Ministry of Finance explains in detail how consumers will enjoy NEV tax breaks in 2024-2027
For a NEV with a pre-tax price of RMB 300,000, consumers will continue to be exempt from purchase tax from 2024-2025, while they will be subject to RMB 15,000 in purchase tax from 2026-2027.