# China-China

By [Frances](https://paragraph.com/@frances-11) · 2023-05-04

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New waves

According to Reuters, the China Motor Industry Association expects that sales of new Chinese energy vehicles will increase by about 40 per cent in 2018.

According to CEA data, in 2017, China’s new energy vehicles produced nearly 800,000 vehicles, reaching 794,000 and 77.7 million, respectively, an increase of 53.8 per cent and 53.3 per cent, respectively, and sales increased by 2.1 and 0.3 percentage points, respectively. The new energy vehicle market in 2017 was 2.7 per cent, an increase of 0.9 percentage points over the previous year.

Of the new energy multiplied vehicles, 4.78 million and 46.88 million were completed, respectively, with an increase of 81.7 per cent and 82.1 per cent, respectively; 114,000 and 111,000 respectively were completed for the replacement of electric power mixers and 40.3 per cent and 39.4 per cent, respectively.

An MIA official indicated that the new energy vehicle sales in 2018 would certainly reach 1 million.

Last December, the Ministry of Finance of China indicated that, from 1 January 2018 to 31 December 2020, the consumer’s acquisition of new energy vehicles continued to implement the policy of exempting vehicles from taxation. It was felt that the exemption from the acquisition tax for new energy vehicles would have a significant boost in sales. With a favourable policy stimulus, Chinese and foreign cars have been working with high-end car aluminium industries to introduce more competitive new energy vehicles.

(Compilation: Lee Tree)

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*Originally published on [Frances](https://paragraph.com/@frances-11/china-china)*