BEIJING -- China will continue to waive on new energy vehicles (NEVs) for the next three years in its latest attempt to encourage green transportation, an official statement said Wednesday.The tax incentive covers fully electric, hybrid and fuel-cell vehicles that have obtained sales permission in China, and the measure will be effective through the end of 2020, the Ministry of Finance said in an online statement.This was an extension of an existing purchase tax waiver that was rolled out in 2014 as part of measures to reduce emissions.The country will add new NEV models to the list of cars eligible for the tax exemption, as long as they meet a set of technical, quality, safety and efficiency standards.Thanks to favorable government policies, including subsidies and tax incentives, China's NEV market has seen rapid growth in recent years.Sales of Chinese NEVs increased over 80 percent year on year in November to 119,000 units, data from the China Association of Automobile Manufacturers showed.In the first 11 months, production and sales stood at 639,000 and 609,000 units respectively, up 49.7 percent and 51.4 percent from a year ago. wristband makerpac wristbandscustom fidgetballer bandsrubber wristbands in bulk
BEIJING - A new chip for the BeiDou Navigation Satellite System was unveiled on Saturday by the Global Navigation Satellite System and Location Based Service Association of China. The chip supports the new generation of BeiDou-3 satellites for high-precision navigation and positioning. The positioning accuracy of the chip reaches the sub-meter level without ground-based augmentation. The chip, developed by Shenzhen-based Allystar Technology, also has uses in unmanned driving systems, wearable devices, precision agriculture and smart logistics. The value of the satellite navigation and LBS industry stood at 212 billion yuan ($31 billion) in 2016, up 22.1 percent from 2015, according to the GLAC. Core output totaled 80.8 billion yuan, 70 percent of which came from BDS. Four BeiDou-3 satellites will be launched by the end of this year, and a complete global satellite navigation system in place around 2020, according Yang Changfeng, the system's chief designer. The scale of the BDS industry will reach 240 billion yuan around 2020, said Yang.
