China PV Retail Hits 628K in First Half of August, NEV Penetration at 63.6%
From August 1-16, 2026, China's passenger vehicle retail reached 628K units, down 22% YoY. NEV retail hit 400K units with penetration reaching a record 63.6%.
27149 days agoAuto Market
27149 days ago
Scrap-and-Replace Subsidy Hits ¥20,000: 2026 Auto Policy Details Released
China's Ministry of Commerce and 7 other departments issued the 2026 Vehicle Trade-In Subsidy Implementation Rules, setting maximum subsidies of ¥20,000 for NEV scrap-and-replace and ¥15,000 for ICE vehicles. Replacement subsidies cap at ¥15,000 for NEVs and ¥13,000 for ICE models. Funding comes from ultra-long-term special treasury bonds with central-local cost sharing.
48850 days ago
Xi'an Auto Subsidy Upgrade: NEV Buyers Get Up to RMB 13,000
Xi'an upgraded its auto consumption subsidy policy effective August 1, 2026. NEV purchases receive 2% of invoice price (max RMB 10,000), with additional RMB 2,000-3,000 for 2026 new models. Used car subsidies cap at RMB 4,000. Valid through October 8.
47764 days ago
NEV Purchase Tax Exemption Ends in 2027: Last Window to Buy
Starting 2027, new energy vehicle purchase tax incentives will be completely eliminated, reverting to the full 10% rate. A 200,000-yuan vehicle will cost approximately 9,000 yuan more in taxes the following year, prompting dealers to launch last-train marketing strategies.
46479 days ago
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