New rules to ben­e­fit NEV sec­tor

Shanghai Daily - - BUSINESS - AUTO (Xin­hua)

THE newly-im­ple­mented sub­sidy pol­icy for new en­ergy ve­hi­cles will aid the in­dus­try’s high-qual­ity de­vel­op­ment.

From Tues­day, ve­hi­cles with a driv­ing range be­low 150km will not get sub­si­dies, ve­hi­cles with a 150km to 300km driv­ing range will re­ceive min­i­mal sub­si­dies, and those with over 300km will re­ceive the most, ac­cord­ing to the new pol­icy re­leased by the Min­istry of Fi­nance.

Bat­tery power/weight re­quire­ments for get­ting sub­si­dies have also been raised from 90wh/kg to 105wh/kg.

“The new pol­icy fea­tur­ing en­hanced en­ergy den­sity and bet­ter bat­tery ef­fi­ciency will up­grade the in­dus­try and boost its high-qual­ity de­vel­op­ment,” said Cui Dong­shu, sec­re­tary gen­eral of the China Pas­sen­ger Car As­so­ci­a­tion.

An­a­lysts say the new rules will ben­e­fit China’s NEVs in­dus­try.

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