According to a plan issued by the Shanghai Municipal Government on January 29, individual consumers will be given a financial subsidy of 10,000 yuan ($1,473) per vehicle when they purchase a pure electric vehicle before the end of June this year.
The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.
From October 20 this year until March 31 next year, the city of Sanya, Hainan Province, will provide a gradient subsidy for the promotion of new energy vehicles supporting battery swapping, with up to 10,000 yuan ($1,381) for a single vehicle.
Applications for a science and technology entrepreneurship project in Shanghai's Hongkou District with a metaverse focus have now commenced. As part of this initiative, the local government body will provide eligible startups with financial support of up to $27,878.
Some Tesla owners in China have recently received notice letters to make up payments, allegedly because they did not meet the total mileage condition within a specified time period, and therefore could not receive state subsidies.
Chinese departments confirmed that the subsidy policy for the purchase of new energy vehicles will be officially terminated in 2022.
Shenzhen-based BYD released a statement on Friday regarding the recently increased price of its Dynasty and Ocean series new energy vehicle (NEV) models, which have become more expensive by up to 7,000 yuan ($1,105).
Chinese EV maker NIO recently announced a preferential plan for car purchases in January 2022. Users who purchase a new ES8, ES6 and EC6 before January 31, and choose the BaaS battery rental service, can enjoy a discount.
In October this year, an individual paid a deposit of 5,000 yuan for a Xpeng P7 and signed a purchase agreement with the store. However, when the car was delivered in November, he was asked to pay an extra 7,000 yuan.
Recently, China's Ministry of Finance issued a subsidy aimed at achieving energy conservation and emissions reduction goals in 2022.
According to enterprise information inquiry app Qichacha, Beijing Huawei Cloud Computing Technology Co., Ltd. was formally established on October 12 with a registered capital of 100 million yuan ($16 million).
Chinese e-commerce platform Pinduoduo on Friday launched subsidies for a series of products Apple released on September 15, including the iPhone 13, iPhone 13 Pro, iPad 9, iPad mini 6 and others.
Leading Chinese ride-hailing company Didi Chuxing on Sept. 29 issued an announcement stating that Sept. 30, Oct. 1 and Oct.7 are the three days with the most ride-hailing calls in 2020, with Sept. 30 being the peak due to the upcoming National Day Holiday.