China releases 42nd list of exemptions for NEV purchase tax On April 30, 2021, the Ministry of Industry and Information Technology (MIIT) of China released the 42nd list of exemptions for the NEV purchase tax on its website. The list added 50 pure electric passenger vehicle models (including the Hongqi E-QM5 of China FAW Group Co., Ltd., the ID.6 CROZZ of FAW-Volkswagen Automotive Co., Ltd., the VOYAH FREE of Dongfeng Motor Corporation, the Ai...

News  Updated at: 2021/05/06

SAIC Motor releases 2020 annual report On March 25, SAIC Motor Corporation Limited (SAIC Motor) released its 2020 annual report. In 2020, it generated a gross revenue of CNY 742.132 billion, reflecting a decline of 12.0% year over year (y/y). SAIC Motor sold 5.6 million units for the full year of 2020, down by 10.2% y/y. Its new energy vehicle (NEV) sales were 320,000 units, up by 73.4% y/y, which resulted in its top spot in China and third place...

News  Updated at: 2021/03/30

China releases 36th list of exemptions for NEV purchase tax On October 30, the Ministry of Industry and Information Technology (MIIT) of China released the 36th list of exemptions for the NEV purchase tax on its website. The list added 29 pure electric passenger vehicle models (including the Mistra of Beijing Hyundai Motor Co., Ltd., the αT of BAIC Bluepark Magna Automobile Co., Ltd., the Han of BYD Co., Ltd. and the ES8 of Anhui Jianghuai Autom...

News  Updated at: 2020/11/04

SAIC Motor releases its hydrogen strategy and first fuel cell MPV EUNIQ 7 On September 13, 2020, SAIC Motor Corporation Limited (SAIC Motor) released the first hydrogen strategy in China’s automotive industry and unveiled the EUNIQ 7, the first fuel cell MPV under its Maxus brand. According to the hydrogen strategy released, SAIC Motor plans to achieve four goals by 2025. Firstly, it aims to introduce at least 10 fuel cell models. Secondly, it...

News  Updated at: 2020/09/15

China releases 32nd list of exemptions for NEV purchase tax On June 2, the Ministry of Industry and Information Technology (MIIT) of China released the 32nd list of exemptions for NEV purchase tax on its website. The list added 49 pure electric passenger vehicle models (including the EUNIQ 6 of SAIC Maxus Automotive Co., Ltd., ARCFOX αT of BAIC Bluepark Magna Automobile Co., Ltd., AION V of GAC New Energy Vehicle Co., Ltd. and Rongguang EV of SA...

News  Updated at: 2020/06/04

SAIC Maxus launches EUNIQ new energy vehicles On May 18, SAIC Maxus Automotive Co., Ltd. (SAIC Maxus) announced the launch of the EUNIQ 5 and EUNIQ 6 battery electric vehicles as well as the plug-in hybrid models of the two vehicles – EUNIQ 5 PLUG IN and EUNIQ 6 PLUG IN. Customized version of the EUNIQ 6 retails for between CNY 169,800 and CNY 241,270 after subsidy, while customized version of the EUNIQ 6 PLUG IN retails for between CNY 159,800...

News  Updated at: 2020/05/20

SAIC Maxus releases EUNIQ brand and begins preorders of all EUNIQ models On April 22, SAIC Maxus Automotive Co., Ltd. (SAIC Maxus) officially released the EUNIQ new energy brand and unveiled the EUNIQ 5 and EUNIQ 6 vehicles. The EUNIQ 5 and EUNIQ 6 are both available in battery electric and plug-in hybrid versions. SAIC Maxus also started preorders of all EUNIQ brand vehicles and will announce official prices on May 18. SAIC Maxus’ EUNIQ model...

News  Updated at: 2020/04/27

China releases 30th list of exemptions for NEV purchase tax On March 13, the Ministry of Industry and Information Technology (MIIT) of China released the 30th list of exemptions for NEV purchase tax. The list added 77 pure electric passenger vehicle models (including the EU5 of Beijing Electric Vehicle Co., Ltd., Neta U of Zhejiang Hozon New Energy Automobile Co., Ltd., Model 3 of Tesla, Inc., EUNIQ6 of SAIC Maxus Automotive Co., Ltd. and VELITE...

News  Updated at: 2020/03/17

SAIC Maxus releases two new energy SUVs – EUNIQ 6 and EUNIQ 6 PLUG IN On August 27, SAIC Maxus Automotive Co., Ltd. (SAIC Maxus) released two new energy SUVs at a brand event. The two new models, a medium-sized plug-in hybrid SUV EUNIQ 6 PLUG IN and an all-electric SUV EUNIQ 6, were both developed based on SAIC Maxus’s MERA platform.  The MERA platform is the latest-generation intelligent and extendable platform developed by SAIC Maxus for...

News  Updated at: 2019/08/30