Policy3 Min Read RainManonJuly 6, 2023 China issues new rules that will give automakers 40% fewer credits for each NEV produced China has revised its dual-credit policy, one of the key drivers of the rapid growth of the NEV industry, and the changes will take effect on…
Policy2 Min Read RainManonApril 25, 2023 China to introduce credit pool for NEV dual credit system that is expected to facilitate credit trading Automakers can voluntarily apply for storage of positive credits when the supply exceeds demand, and release credits when the supply is less…
BYD Tesla2 Min Read RainManonJuly 7, 2022 BYD, Tesla top winners under China’s ‘dual credit’ policy BYD and Tesla have earned 1.66 million credits and 1.4 million credits in 2021, valued at about RMB 3.46 billion and RMB 2.93 billion, respectively.
Tesla1 Min Read RainManonSeptember 7, 2021 Tesla gets $329 million subsidies in China for vehicles sold in 2020, 327% more than Nio Tesla received Chinese state subsidies for 101,082 vehicles sold in the country in 2020, for a combined amount of RMB 2.123 billion ($329 million).
Industry News3 Min Read RainManonJuly 25, 2021 China’s ‘dual credit’ policy, what you need to know The unit price of new energy credits in China has risen from RMB 300-500 initially to RMB 2,500-3,000, according to a previous research report…
Industry News3 Min Read RainManonJuly 22, 2021 Chinese automakers can now start trading their NEV credits, what does this mean for Nio, Xpeng, and Li Auto? Car companies including Nio, Xpeng Motors, Li Auto, Tesla China, and BYD have accumulated a lot of new energy credits last year, and now they…
Industry News2 Min Read RainManonJuly 21, 2021 Why does SAIC continue to produce Mini EV when each car contributes less than $14 net profit? Mini EV is priced at RMB 28,800 ($4,451)-RMB 43,600, and its parts cost up to about RMB 20,000.
Industry News2 Min Read RainManonJuly 19, 2021 Carmakers earn 4.37 million positive points in 2020 under China’s dual credit policy Automakers in China have 4.37 million positive points and 1.07 million negative points for new energy vehicles in 2020 under the dual credit policy.
Nio2 Min Read RainManonMay 25, 2021 Nio, Xpeng, Li Auto have lots of new energy credits, here’s how much they’re worth The current trading price per unit of the new energy credits has risen from an initial RMB 300 ($47)-RMB 500 to RMB 2,500-RMB 3,000, an…