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PHEV

NEV Average Vehicle Age Only 1.8 Years, 90% Concentrated in 1-3 Year Range

A July 2026 CPCA aftermarket report reveals NEV average vehicle age is merely 1.8 years versus 8.2 years for ICE vehicles. Three-year NEV retention rates stand at approximately 44.8% — 45.2% for pure-electric and 46.8% for PHEV — trailing ICE vehicles' 50%+ three-year retention. Rapid technology iteration, absence of battery inspection standards, and persistent price wars compress used-car values, creating a "replace cars like phones" consumption pattern among NEV owners.

55825 days ago
China Adjusts NEV Vehicle Tax Policy: PHEVs Lose Exemption from 2027, Fuel-Electric Parity Push

China Adjusts NEV Vehicle Tax Policy: PHEVs Lose Exemption from 2027, Fuel-Electric Parity Push

China's Ministry of Finance, State Taxation Administration, and Ministry of Industry and Information Technology announced adjustments to vehicle and vessel tax incentives for energy-efficient and new energy vehicles. Effective January 1, 2027, plug-in hybrid electric vehicles (PHEVs) will no longer enjoy vehicle tax exemption, and the 50% reduction for energy-efficient vehicles will also be cancelled. The policy shift is officially framed as promoting high-quality development of the NEV industry and advancing fuel-electric parity. The transition window extends to 2027, directly impacting current PHEV sales dynamics and corporate product planning.

19126 days ago

Zeekr 9X Five-Seat Version Pre-sale Opens: 5,000 Yuan Deposit Unlocks 90,000 Yuan Benefits

The Zeekr 9X five-seat version officially opened for pre-order on July 8. Customers paying a 5,000-yuan deposit can access benefits worth up to 90,000 yuan, including doubled deposit credit, Naim premium audio, a wing-style sliding screen, and electric side steps. Built on the exclusive Haohan-S architecture and positioned as a large luxury plug-in hybrid SUV, the model will arrive at dealerships in late July. Four core systems—super hybrid powertrain, AI intelligent chassis, full-domain safety armor, and long-range intelligent driving—form its technical foundation.

42026 days ago