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.
3384 hours ago
CAAM data shows China's auto sales reached 15.017 million units in H1 2026, with NEV market share at 49.6%. Domestic brands surged to 75.5% of the passenger vehicle market, while German brands fell below 10% for the first time.
49033 days ago
In June 2026, 23 A- and H-share listed automakers sold a combined 2.2166 million vehicles, up 5.97% year-on-year. BYD led with 403,500 units, while Chery's exports of 191,100 units set a new monthly record for the fourth consecutive month. NEV sales reached 1.3986 million units, with penetration at approximately 64.46%.
29733 days ago
China's auto sales reached 15.017 million units in H1 2026, down 4.1% YoY but with a narrowing decline. June NEV sales hit 1.643 million units with 58.5% penetration; domestic brands reached a historic 75.5% share while German brands fell below 10% for the first time.
48933 days ago
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