Global Trade Alert
Global Trade Alert

China: Four ministries release plan to develop the automotive battery industry

Announcement

01 Mar 2017

March 1st, 2017 - the PRC Ministry of Industry and Information Technology published a new policy instigated by it and three other ministries calling for the development of the automotive battery industry in the PRC. It will be achieved with government investment from special funds, as well as corporation tax cuts for eligible firms.

The other participating government bodies are the Ministry of Science and Technology, the National Development and Reform Commission and the Ministry of Finance.

Source

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Number of interventions

2

0 certainly harmful

2 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 01 Mar 2017
Tax or social insurance relief

Besides the provision of funds for investment in automotive battery entreprises, the PRC Ministry of Industry and Information Technology announcement also promises the exemption from power batterie...

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Updated: 01 Mar 2017
State loan

In the PRC Ministry of Industry and Information Technology's policy released on the 1st of March 2017, a plan is laid out to boost growth in the Chinese battery industry, specifically, batteries fo...

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