China mulls extending tax exemption on cheaper NEVs for another 4 years, report says

“One of those measures may be extending the purchase tax break for electric and plug-in hybrid vehicles that cost less than RMB 300,000 yuan ($42,510), one of the people said, according to the Bloomberg report.”


https://cnevpost.com/2023/06/02/china-mulls-extending-nev-tax-exemption-report/


A tax break for vehicles under $42,510, would likely be for vehicles that have cheaper batteries.

LFP batteries (Blade Batteries) are both cheaper and safer.

It can only be a good thing for producers of the battery materials (lithium carbonate for one) that are used to produce these batteries.

Sayona are well on their way to being that company.