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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. Reports of the meeting were shared by Chinese state-owned broadcaster China Central Television ( CCTV). The update was related during a top government meeting.

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Report: Chinese Export Rule Changes Could Impact EV Battery Production

The Truth About Cars

Starting this month, the Chinese government requires permits for certain graphite products being exported. It could even be argued that it further advantages Chinese industries while exacerbating environmental concerns by forcing companies to move countless tons of graphite halfway around the world on container ships.

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China Ministry of Transport targeting 300,000 new energy vehicles on roads by 2020

Green Car Congress

Xinhua reports that the Chinese Ministry of Transport (MOT) is targeting 300,000 new energy vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and city logistics delivery vehicles.

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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

Profit attributable to the Chinese joint ventures was down slightly in the reporting period, as expected. The business of the Chinese joint ventures is not included in the Group’s sales revenue and operating profit because it is accounted for in the financial result using the equity method. in 2017. billion (US$7.71

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. China exported over 1.2

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How China beat everybody to be international chief in electrical automobiles

Baua Electric

Production is booming too — Chinese language manufacturers account for approximately part of all EVs offered globally, HSBC analysts stated in a up to date be aware. Tax Breaks: An ordinary 10% tax levy has been waived for clean-car purchases below 300,000 yuan till 2025, and can go back at 5% for 2026 and 2027.

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Blazer EV pause, Mercedes EV updates, affordable EVs, clean hydrogen rules: The Week in Reverse

Baua Electric

As the flagship model for the Chinese automaker’s lineup, it also boasts reclining rear seats, steer-by-wire tech, rear-wheel steering, and an active suspension. 2019 Tesla Model 3 And get ready for more confusion about the EV tax credit, beyond just the uncertainty about which vehicles are eligible.