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China reduces import tariffs for autos to 15 percent, components tariffs cut to 6 percent

BEIJING – The Ministry of Finance (MOF) announced on May 22 that starting July 1, 2018, import tariffs for automobiles will be reduced to 15 percent, while those for components will be cut to 6 percent. This is a major decision in support of the now 40-years of economic reform

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MIIT to dynamically manage NEV purchase tax exemption catalogue

BEIJING – The Ministry of Industry and Information Technology (MIIT) released the Notice on Strengthening the Administration of New Energy Vehicle (NEV) Purchase Tax Exemption Catalogue (Draft to Solicit Comments) on February 8 in an effort to dynamically manage NEV models that get listed on the catalogue. The objective of the

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NEV tax exemption scheme extended until end of 2020

BEIJING – China has extended the purchase tax exemption scheme for new energy vehicles by three years until the end of 2020 in order to further support market development, according to an announcement released jointly by the Ministry of Finance, State Administration of Taxation (SAT), Ministry of Industry and Information

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Equity restriction of 50:50 remains in China’s automotive industry

BEIJING – Vehicle manufacturing remains restricted in China and foreign companies still cannot hold more than 50 percent equity shares of a vehicle manufacturing joint venture, according to a revised version of the Industry Catalogue for Foreign Investment (Amended 2011) released by China’s National Development and Reform Commission (NDRC) on

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Beijing’s NEV catalogue called protectionist, may be thrown out

Buying a new energy vehicle (NEV) in Shanghai brings quite a few benefits to the customer. It doesn’t just mean free registration, but also national, local and manufacturer subsidies. Even more importantly, one can buy a plug-in hybrid as easily as a battery electric vehicle (BEV), and many customers prefer

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