Home > Ministry of Finance

China rolls out new NEV subsidy policy for 2017

BEIJING – The Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the National Development and Reform Commission jointly issued modified subsidy measures for new energy vehicle promotion on December 30, 2016. The much-anticipated new policy, effective January 1, 2017, regulates

| | | | | | Read More

Lifan, Hengtong Bus punished over inadequate EV batteries

CHONGQING – Lifan Industry (Group) Co., Ltd. and Hengtong Bus Co., Ltd., two major automakers based here, were punished on October 9 because of defrauding EV subsidies from the central government over inadequate EV batteries. The Ministry of Finance has canceled their subsidy qualifications in 2016. Hengtong was fined ¥62.364

| | | Read More

VW CEO Muller likely to address four core issues in visit to China

Matthias Mueller, CEO of Volkswagen AG, plans to follow Angela Merkel to visit China in late October and in the meantime will meet senior executives of the company’s two joint ventures in China, Shanghai-Volkswagen and FAW-Volkswagen, to discuss corporate strategies, according to a report by junlincheshi on October 27. Four

| | | | Read More

China eliminates vehicle and vessel tax on NEVs

BEIJING – The Ministry of Finance, State Administration of Taxation and Ministry of Industry and Information Technology (MIIT) jointly announced on May 18 to eliminate vehicle and vessel tax on new energy vehicles (NEVs). The NEVs which are qualified to receive the tax break include pure electric commercial vehicles, plug-in

| | | Read More

China to launches trade-in pilot program for remanufactured products

BEIJING – China’s National Development and Reform Commission (NDRC), the Ministry of Finance, Ministry of Industry and Information Technology (MIIT), Ministry of Commerce and State Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) jointly decided to launch a trade-in pilot program for remanufactured products to strengthen remanufacturing industry, according to

| | | | Read More