Nine ministries jointly issued 18 measures to stimulate lower-tier market vitality, explicitly supporting NEV rural deployment and expanding charging infrastructure coverage. Rural retail sales grew **2.4%** YoY in Jan-July 2026, outpacing urban areas for **55 consecutive months**.
39624 days ago
On August 18, China's Ministry of Commerce and eight other ministries jointly issued the "Opinion on Further Stimulating Downstream Market Vitality and Activating County-Level Consumption," explicitly calling for accelerated promotion of new energy vehicles in rural areas and expanded charging infrastructure coverage. Data shows county-level charging facility coverage reached 98.61% by mid-2026, while the NEV rural program has cumulatively sold over 23 million vehicles since its 2020 launch.
33525 days ago
On August 18, 2026, nine ministries jointly issued the "Opinions on Further Stimulating Downmarket Vitality and Activating County-Level Consumption," proposing 18 specific measures with explicit support for new energy vehicles in rural areas. In the same month, five ministries led by MIIT launched the 2026 NEV Rural Outreach campaign, with an initial directory of 155 eligible models. Under the combined policy push, the county-level NEV consumer market is poised for a new wave of growth.
21826 days agoThe "2026 Auto Trade-in Subsidy Implementation Rules" issued by eight departments including the Ministry of Commerce are now fully in force: scrapping an eligible old car and buying an NEV earns a 12% price-based subsidy capped at RMB 20,000, while replacement (non-scrappage) subsidies cap at RMB 15,000. Combined with local subsidies and the purchase-tax reduction, buyers can save up to roughly RMB 35,000. Official data shows 3.707 million trade-in transactions in H1 2026.
58433 days ago
China's Ministry of Commerce released a 10,000-word position paper refuting "overcapacity" claims, emphasizing innovation-driven development. H1 EV exports grew 68.7% and lithium battery exports rose 37.6%.
42345 days ago
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