Should we support the export of new energy vehicles?

Recently, the State Council Office held a routine briefing on the State Council’s policies to introduce the successive policies and measures of the package of policies to stabilize the economy. Relevant leaders of the Ministry of Commerce said at the meeting that the Ministry of Commerce will actively support the export of key products such as new energy vehicles, and further promote the consumption in key areas such as automobiles, household appliances and homes.

In terms of stabilizing foreign trade, the Ministry of Commerce will accelerate the development of new formats and modes such as cross-border e-commerce and market procurement trade, actively support the export of key products such as new energy vehicles, smooth the channels for foreign trade enterprises to seize orders, provide more convenience for enterprises to participate in exhibitions and negotiate, and help enterprises improve their ability to cope with risks such as exchange rate.

In recent years, China’s automobile industry, especially the new energy automobile industry, has developed vigorously, and its international competitiveness has obviously improved. From January to July, the export of new energy vehicles increased by more than 90% year-on-year, which became a highlight of foreign trade. The Ministry of Commerce will continue to work with relevant departments to support new energy automobile enterprises to speed up the construction of overseas marketing and after-sales service networks and intensify brand promotion. Encourage qualified overseas institutions of Chinese banks to provide consumption abroad financial products. Study and broaden export transportation channels and transport new energy vehicles through China-Europe trains.

In addition, in terms of promoting consumption, the Ministry of Commerce will further promote consumption in key areas such as automobiles, household appliances, and homes, increase targeted relief assistance, and support the recovery and development of catering and accommodation industries. Under the premise of strict epidemic prevention and control, the Ministry of Commerce will continue to run consumption promotion activities and vigorously promote consumption upgrading.

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