Industry dynamics

ZXZC Daily: China exempts 87.9 billion yuan of purchase tax on NEVs in 2022

Publishtime:1970-01-01 08:00:00 Views:43

With ZXZC Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

China exempts 87.9 billion yuan of purchase tax on NEVs in 2022

According to data by China’s State Taxation Administration, during 2022, the cumulative purchase tax exemption for new energy vehicles (NEVs) amounted to 87.9 billion yuan (US$13.07 billion), soaring 92.6% year over year.

ZXZC Daily: China exempts 87.9 billion yuan of purchase tax on NEVs in 2022

BYD Han; photo credit: BYD

SERES to deliver SERES 5 model to Europe from March 2023

Huawei’s auto partner, SERES Auto, showcased the SERES 5 electric vehicle model at the Brussels International Motorcar-Motorcycle Show. According to the company, it will start delivering the model to European users from March this year.

Roborock’s founder said to launch first vehicle under ROX project in Q3 2023

ROX, the auto startup project founded by Chang Jing, the founder and CEO of China’s intelligent cleaning robot company Roborock, is said to launch its first vehicle model in the third quarter of 2023, according to a local media outlet.

WM Motor announces price rise due to NEV subsidy withdrawals, industrial chain fluctuations

Chinese new energy vehicle (NEV) manufacturer WM Motor announced today it has raised prices of many of its vehicle models due to the government's withdrawal of the yearslong generous subsidies on NEVs, and the repeated fluctuations of both the upstream and downstream industrial chain that involve chips, batteries, etc.

    Chinese NEV startup YUDO kicks off presale of Yuntu all-electric SUV

    Chinese new energy vehicle (NEV) startup YUDO announced last Sunday the presale of its all-new full-electric SUV model, dubbed Yuntu (Chinese Pinyin), has already kicked off with a price range of 90,000 yuan-100,000 yuan ($13,450-$14,940). 

    Dongfeng Motor to deploy 300+ autonomous vehicles on 20+ service routes in Wuhan

    Dongfeng Motor’s autonomous driving arm, Dongfeng Sharing, inked a project charter with the Wuhan Science and Technology Bureau in the capital of Hubei Province on January 13.

    BYD so far ships over 10,000 ATTO 3s to Thailand

    On Jan. 14, 2023, a ship loaded with 800 BYD ATTO 3s departed from Shanghai Port for Thailand, resulting in a cumulative volume of over 10,000 ATTO 3s BYD has so far shipped to the Thai market, according to a post on BYD's WeChat account for overseas businesses.

    AVATR to launch sedan model in 2023

    AVATR, the new energy vehicle startup brand backed by Changan Automobile, Huawei, and CATL, announced last Friday its plan to launch the second AVATR-branded vehicle model, code-named E12, in 2023.

    Geely-backed ZEEKR starts delivering ZEEKR 009 MPV

    ZEEKR, the premium electric vehicle (EV) brand of Geely Holding, announced on Jan. 15 via its WeChat account that the delivery of the ZEEKR 009, its second production model and first MPV model, has already kicked off.