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Express News | Institutions: It is expected that the stimulus effect of the policy of trading in old cars for new ones in the auto industry will continue to be released.
China NEV Retail at 609,000 in Oct 1-20, up 1% From Same Period Last Month
MIIT: Take multiple measures to expand consumer market for automobiles and optimize the entry management policies for automobile production.
Zhao Zhiguo, the spokesperson of the Ministry of Industry and Information Technology, and chief engineer, stated at a press conference that the automobile industry is still facing challenges such as insufficient domestic effective demand, increasing uncertainties in overseas exports, and other unstable factors. Next, the Ministry of Industry and Information Technology will take multiple measures to expand consumer demand for automobiles. Implementing policies to promote consumption such as trading in old vehicles for new ones, tax incentives for vehicle purchases and vehicle taxes, continuing to carry out activities to promote new energy automobiles in rural areas, initiating a comprehensive electrification trial for a batch of public sector vehicles, researching and formulating guidance on electric vehicle battery exchange models, actively expanding automobile consumption. At the same time, optimizing the access management policy for automobile production, supporting technological innovation and development,
Express News | Visiting the second phase of Xiaomi autos factory: to meet the construction deadline, two shifts were opened early and late, with the project expected to be completed by mid-June next year.
According to reports, Pinduoduo participated for the first time in 'Double 11' with billions in subsidies.
This year during the "Double 11" event, alibaba-SW (09988.HK) (BABA.US) launched the "Billion Subsidy" initiative under its cross-border e-commerce platform AliExpress, driving mainland famous brands like Xiaomi (01810.HK), Lenovo (00992.HK), Honor, and TIKTok to peak enthusiasm for overseas expansion during the "Double 11". According to reports from "Sina Technology", rumors circulating among cross-border merchants indicate that AliExpress has kicked off the "Billion Subsidy" brand recruitment for overseas expansion during "Double 11", marking the first time AliExpress has participated in "Double 11" with this subsidy program. Brand merchants will have exclusive venues and a secure overseas expansion solution.
Express News | AliExpress has launched the november 11 shopping festival-related "hundred billion subsidy" to help brands expand internationally.
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