Report
China to cut VAT export rebate for new-energy vehicles from 13% to 9% in April 2027
Caixin says the change is expected to raise Chinese EV prices overseas and ease rising trade tensions with the EU.
TLDR
Caixin reports that China is cutting the VAT export rebate rate for new-energy vehicles from 13% to 9% starting April 2027. The move is expected to raise the overseas prices of Chinese EVs and ease rising trade tensions with the EU.
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