June 10, 2026
It aims to expand into markets like China where EV adoption is already widespread
Only 15 percent VAT will apply under the temporary tax relief scheme
The government also considers reducing customs duties on the import of passenger buses
Foreign visitors get direct access to Chinese high-tech electric cars at Beijing show
The Chinese EV maker is open to partnerships with multiple global automakers
The new compact SUV is expected to be built as a completely new model
The existing duty ranges from 61.80 percent to 93.16 percent on imported electric buses, cars, and trucks
The winning electric vehicle powertrain is designed as a potential foundation for advancing clean electric mobility in the country
