China established dramatically stricter eligibility criteria for new energy vehicle purchase tax exemptions, implementing comprehensive technical standards effective January 1, 2026. Officials from three government agencies jointly announced the requirements October 9th, signaling Beijing’s strategic shift toward prioritizing vehicle quality and efficiency over market volume expansion.
China is at a stage where its EV industry has positioned itself to dominate globally, and foreign companies like PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FRA: 103) in related industries could analyze the…
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