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China to reduce tariffs on imported fuel cell-related parts

China to reduce tariffs on imported fuel cell-related parts Monika From Gasgoo | December 28 , 2020 Shanghai (Gasgoo)- China will lower tariffs on fuel cell-related components imported to the country in 2021, which will be a boon to the development of fuel cell vehicles (FCVs). In 2021, the tariff levied on the imported fuel cell-related compressors, circulating pump and carbon electrode slice is set to be rated at 5%, 2% and 5%, falling from the most-favored-nation tariffs of 7%, 7% and 10%, according to a document the Customs Tariff Commission of the State Council issued earlier this month. Aion LX FCV; photo credit: GAC Aion The authority said it will put levies on a total of 883 imported items at temporary rates lower than the corresponding most-favored-nation tariff rates in 2021, in a bid to coordinate domestic and overseas market resources and improve the supply quality.

Chinese automakers sailing ahead on route to go global

Chinese automakers sailing ahead on route to go global By ZHANG DANDAN | China Daily | Updated: 2020-12-28 09:36 Share CLOSE A cargo ship loads up vehicles for export at the Lianyungang Port in East China s Jiangsu province on Dec 14. [Photo by WANG CHUN/FOR CHINA DAILY] But insiders warn improvements are needed in foreign marketing, aftersales service networks Chinese automakers are ramping up efforts to enter overseas markets with some recent successes this year. However, insiders claim there is a long way to go to achieving a solid foothold. SAIC-GM-Wuling Automobile is to make inroads into North America, with the export of vehicles to Mexico starting from January.

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