MIIT Announcement No. 21 of 2026 released Batch 409 of the "Road Motor Vehicle Manufacturers and Products" directory, alongside Batch 88 of the Vehicle & Vessel Tax reduction list and Batch 33 of the Purchase Tax exemption list, continuing tax incentives for NEV consumption.
2742 days ago
China's Ministry of Finance announced a 2% consumption tax on mature lithium battery products effective September 1, 2026. The policy will directly impact power battery costs and ripple through NEV pricing.
46230 days ago
China's National Bureau of Statistics released June 2026 industrial value-added data. Auto manufacturing grew 8.7% YoY, NEV output reached 1.624 million units (+29.4% YoY), and H1 NEV retail penetration exceeded 60% for three consecutive months.
43939 days agoFrom January 1, 2027, NEV vehicle and vessel tax exemptions will be cancelled, marking the final countdown for 15 years of tax incentives. Purchase tax has already shifted from full exemption to half-rate collection, and the policy phase-out is pushing the industry into a market-driven new stage.
26639 days ago
The "15th Five-Year Plan" Carbon Peak Action Plan was officially released, setting clear targets for the transportation sector: NEV stock ratio to reach 30% by 2030, and new energy commercial vehicle stock ratio to reach 25%. As of end-2025, China's NEV stock ratio was approximately 12%, requiring more than doubling over five years. The plan also calls for scaled development of new energy storage and accelerated ultra-high voltage transmission construction.
60645 days ago
VDA President Hildegard Müller issued a statement highlighting that high energy prices, taxes, social security burdens, and bureaucracy are eroding Germany's manufacturing competitiveness. She called for opening German production sites to foreign manufacturers including Chinese automakers. Meanwhile, Volkswagen plans to cut 100,000 jobs and close four plants as Europe's auto industry undergoes historic restructuring.
30245 days ago
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