Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Uber-Like Truck-Rental Startup Mulls IPO After Breaking Even
In Depth: Is China’s Animation Industry Ready to Take Off?
LATEST
In Depth: Is China’s Animation Industry Ready to Take Off?
Uber-Like Truck-Rental Startup Mulls IPO After Breaking Even
China Evergrande Plans to Build Electric Cars, Batteries in Qingdao
Terry Gou-Backed LCD Panel Plant Seeks Cash Injection
Self-Driving Taxi Industry to Hit Key Inflection Point Next Year, Insider Says
Video App Kuaishou Mulls U.S. IPO, Raises Funds at $25 Billion Valuation
London Stock Exchange Bid in the Works For Long Time: HKEx Chairwoman
Chinese Investors React Coolly to Signs of Easing Trade Tensions
Kweichow Moutai Toasts Long-Term Partnership With Chinese Genomics Giant
After Opening Gates to Outside Food, Disney Clarifies What Is and Isn’t Allowed
Chinese Scientists Edit DNA in Attempt to Cure Man’s Cancer, HIV
China's Electric-Car Sales Drop for Second Straight Month
Fosun Biotech Unit Henlius Aims to Raise $477 Million in Hong Kong IPO
Huawei Drops Case Against U.S. Over Detained Telecom Gear
Chinese Netizens Cheer as Apple Compares Itself With Huawei for the First Time
World-Leading Crypto Platform Tightens Grip on HK-Listed Entity
The Factory Breeding Bloodsucking Mosquitos to Fight Disease
The Tough Transition Facing China’s Money-Market Funds
Tencent-Backed Secondhand Goods Trading Platform Secures $300 Million in Series B
Huawei Says U.S. Needs to Talk to Company for China Trade Deal
China Resorts to Electric-Vehicle Stimulus as Auto Industry Flails

By Zhao Runhua / Jun 06, 2019 05:41 PM / Environment

Photo: IC Photo

Photo: IC Photo

China released policies Thursday aiming to spur the purchase of electric vehicle (EV) amidst historically bad times for the auto industry.

The policies demand that local governments cease restrictions on EV sales or driving, according to an official plan co-released by the National Development and Reform Commission, the Ministry of Ecology and Environment, and the Ministry of Commerce.

Many cities have been implementing quotas on the issuance of new license plates, in attempts to control congestion and pollution — though the rules often extend to even more environmentally friendly EVs.

Release of the plan comes after a major domestic automobile trade group requested stimulus policies, including relaxing license-plate limits, to alleviate the industry’s weak performance.

Related: Shenzhen, Guangzhou to Ease Car Ownership Restrictions

Contact reporter Zhao Runhua (runhuazhao@caixin.com)


Share this article
Open WeChat and scan the QR code