China's government announced in July a subsidy of more than $2,800 when consumers scrap an older car to replace it with an EV, doubling a subsidy introduced in April. The subsidy for a more fuel-efficient combustion vehicle is just over $2,100.

China’s passenger-vehicle sales rose in September, reversing five months of declines thanks to supportive government policies and improving consumer sentiment.

Retail sales of passenger vehicles in China rose by 2% year-on-year to 2.06 million units in September 2024, according to preliminary data released by the China Passenger Vehicle Association (CPCA). This follows five consecutive months of decline,

Chinese passenger vehicle sales in September rebounded with a 4.5% increase, driven by stimulus policies and strong demand for new-energy vehicles

BEIJING - China's new energy passenger vehicle market continued to see robust growth in September, with retail sales reaching 1.12 million units, industry association data showed on Saturday.

China's car sales rose 4.3 percent in September after five straight months of decline, helped mainly by a government subsidy to try to stimulate car owners to trade in their vehicles, which is part of a larger stimulus package to shore up the economy.