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Auto leaders propose tax breaks, new energy incentives at two sessions

China Daily | Updated: 2020-05-25 11:06
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Xu Heyi, chairman of BAIC Group and CPPCC member. [Photo provided to China Daily]

Xu proposed efforts should be made to make vehicles an integral part of smart infrastructure.

He suggested that tech companies and carmakers should join hands to build smarter cities.

In terms of new energy vehicles, he said the government should take the lead in establishing funds for the electric car battery industry, so that batteries' lifelong value can be better coordinated.

China has been the largest market for new energy vehicles since 2015, but the driving range of electric vehicles, which is primarily determined by batteries, remains a major concern for customers.

Xu also called for more efforts to promote auto financing, which is widely used in developed countries, to further unleash the demand for cars.

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