Caixin
Dec 07, 2022 07:26 PM
TECH

China’s EV-Makers Race to Secure Orders Before Subsidies End

On Aug. 14, in Zhengzhou, taxis stop to recharge at a new energy vehicle charging station. Photo: VCG
On Aug. 14, in Zhengzhou, taxis stop to recharge at a new energy vehicle charging station. Photo: VCG

Chinese electric-vehicle (EV) makers are pulling out all the stops to lure buyers into placing orders by the end of 2022, before subsidies for new-energy vehicle (NEV) purchases are completely phased out on Jan. 1, which has fueled fears sales will drop off a cliff in the new year.

MG, which is owned by state-owned SAIC Motor Corp. Ltd., AITO, owned by Huawei-backed Seres Group Co. Ltd., and XPeng Inc., have all made similar promises that they will pay the price difference caused by the termination of the government subsidies for vehicles ordered in 2022, but delivered in 2023.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Biz Roundup: China’s Door Will Only Open Wider, Liu He Tells Davos
00:00
00:00/00:00