China’s Electric Vehicle Supply Chain and Its Future Prospects
We discuss the investment prospects in China’s electric vehicle supply chain—across upstream, midstream, and downstream stages of production—amid government incentives, technology advancements, and fierce competition for cost-efficiency and market access.
The Electric Vehicle Battery Industry in China
The electric vehicle (EV) industry is just one priority area of the country’s ‘Made in China 2025’ industrial strategy, which aims to transform China from a low-end manufacturer to a high-end one. Yet, the government’s goals for the industry are staggering: its target is to have five million electric vehicles on its roads by 2020, up from one million today.
Shifting Gears: Investing in China’s Electric Vehicles Market
China now officially outranks the United States in sales of new-energy vehicles (NEVs). The government’s repeated encouragement of the NEV market has resulted in a number of preferential policies, financial benefits, and lucrative tax incentives for foreign electric vehicles manufacturers.
China Regulatory Brief: Electric Vehicle Tax Exemptions & VAT Rates for Cargo Industry
In this China Regulatory Brief, we review China’s new tax exemption on the purchase of electric vehicles, as well as highlight the State Administration of Taxation’s clarification on the VAT rates applicable to the cargo industry.
Electric Vehicles Receive Tax Exemption in China
China will waive the 10 percent vehicle purchase tax for “new energy vehicles” beginning September 1, in a bid to boost demand for electric vehicles and address pollution problems.
China-United Arab Emirates (UAE): Bilateral Trade and Investment Outlook
China is among the UAE’s top commercial partners; both benefit from booming bilateral trade and investment cooperation on major BRI projects.
US-China Relations in the Biden Era: A Timeline
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
Asia Transfer Pricing Brief: Q1 2024
In our Asia Transfer Pricing Brief for Q1 2024, we introduce Indonesia’s updated transfer pricing guidelines and highlight Singapore and Hong Kong’s progress on implementing Pillar Two income inclusion rule and domestic top-up tax rule.