Hainan reiterates 2030 gasoline-car sales ban in China first You Should Know
Hainan plans to raise NEVs’ share of its vehicle fleet to 45% by 2030.
Hainan plans to raise NEVs’ share of its vehicle fleet to 45% by 2030.
Lithium-ion batteries will be subject to a 2% consumption tax from September 1, 2026, with the rate rising to 4% from September 2027.
Automakers that produce batteries in-house can avoid or deduct the consumption tax, while those buying externally will bear extra costs, Cui said.
Xpeng Aridge, Ehang, Volant and Autoflight were said to be included in the first batch of compliant companies.
License issuance is gradually resuming in some cities after the completion of an industry-wide safety review in late June, according to Bloomberg.
Inspectors randomly selected sample vehicles and power batteries on-site and sent them for testing to verify compliance with national standards.
Li Auto rose 11%, Nio about 5%, while Xpeng and BYD gained more than 4.6%.
China’s industry regulator has reportedly ordered that passenger vehicles no longer be fitted with blue lights indicating the activation of driver-assistance systems.
Inspectors randomly took sample vehicles and battery packs on site, sending them to institutions for national standard compliance testing.
The standard requires autonomous driving systems to be at least as safe as a competent and attentive driver performing the dynamic driving task.