During the Executive Meeting of the State Council on 31 March 2020, the Chinese government has decided to extend the current purchasing subsidies and NEV purchase tax exemptions in order to stimulate vehicle consumption in China. This came at a time, when the Chinese (and international) automotive industry is under immense pressure of downturn of production and sales due to the COVID-19 pandemic, in particular in the NEV industry.
After an extended break due to COVID-19, the China Transport Policy Briefing is back with its 1st issue of 2020. Whilst in Europe the pandemic situation is still in full swing, Beijing has been resuming work in a “new reality” after the wave has been overcome. Enclosed you will find summaries of highly relevant and exciting developments of December, January, February and March.