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  • China currently levies a 'car purchase tax' on new cars at 10 per cent, which after the tax cut will be reduced to 5 per cent. This will make cars more affordable although will only be applicable on cars whose engines are smaller than 1.6-litres. Interestingly, almost 70 per cent of all cars sold in China fall under this category. Amidst the on-going trade war, China had increased taxes on American made cars to a whopping 40 per cent while other imported cars from other regions of the world are taxed at 15 per cent.
    China To Cut Taxes On New Cars

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  • Tesla's Shanghai plant in December cut output by about a third from November, and extended a Lunar New Year holiday period for workers in January, to cope with rising inventory.
    Tesla Sales Of China-Made Electric Vehicles Up 18% In January
  • The Haryana government has lowered road tax rates applicable on vehicles for personal use. Folks looking to buy cars with a price tag of up to Rs. 6 lakh stand to benefit the most from the revised rates.
    Haryana Government Revises State Road Tax Structure
  • Ms Li, a businesswoman, apparently showed up at a dealership in Zhengzhou armed with 100,000 small denomination bank notes to buy a BMW 7-Series.
    Woman in China Paid for Her BMW 7-Series in Small Change
  • At least 11.7 million vehicles were ordered off the roads each day to cut exhaust emissions during the meeting. The Beijing Environmental Monitoring Centre said that between November 1 and 12 air pollutants in the capital fell to their lowest levels in five years.
    Over 11 Million Vehicles Taken Off Roads in China for APEC
  • Mercedes has now announced that the first C-Class L has rolled off the assembly line. The C-Class long-wheelbase version has been built to cater to the demands of the Chinese populace and was scheduled to go on sale in September this year.
    Mercedes C-Class L Rolls off the Assembly Line in China