EVsElectriveabout 2 hours ago
China Cuts EV Export Tax Rebates
2 min read
China lowers EV export VAT rebates from 13 per cent to 9 per cent starting 1 April 2027. This policy shift aims to curb price competition and encourage quality over subsidies. Analysts estimate BYD net profit will decrease by approximately 5,000 yuan per exported vehicle starting from the second quarter of 2027.
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