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Beijing lowers the new energy vehicle (NEV) VAT export rebate from 13% to 9% from April 1, 2027, as September NEV exports hit 571,000 and domestic sales soften.
The export VAT rebate rate for NEVs will fall from 13% to 9% starting April 1, 2027.
The rate will fall to 9% from 13% in April 2027, raising costs for automakers shipping vehicles abroad