On October 12, with announcements issued by the Ministry of Finance and the State Administration of Taxation, the decline in tax rebate dividends for China's NEV exports officially entered the countdown. According to the announcement, with effect from April 1, 2027, the NEV VAT export rebate rate will be reduced from 13% to 9%, and the NEV export consumption tax rebate policy will remain unchanged. The tax rebate rate is determined based on the export date indicated in the export goods declaration — this means that even if the date of signing the sales contract is fixed for this year, vehicles declared for export after April 1 next year will need to implement the new standards. 4 percentage points, in the face of China's NEV exports of hundreds of billions of yuan, is an arithmetic problem that can reshape the industry's profit structure. A person from a car company said in an interview that they will use the window period to recalculate the cost of the entire export link and gain initiative by adjusting the product structure. Following photovoltaics and lithium batteries, the NEV policy gradually became neutral. The industry believes that when export tax rebates decline, what is retracted is policy, and what is advanced is capacity. When Chinese cars go overseas, they will shift from a period of compounding policy dividends and cost advantages to a comprehensive competition of products, brands, and localized operations; while the “new three types” of foreign trade will also collectively enter a new stage of “systematic competition.”

On October 12, with announcements issued by the Ministry of Finance and the State Administration of Taxation, the decline in tax rebate dividends for China's NEV exports officially entered the countdown. According to the announcement, with effect from April 1, 2027, the NEV VAT export rebate rate will be reduced from 13% to 9%, and the NEV export consumption tax rebate policy will remain unchanged. The tax rebate rate is determined based on the export date indicated in the export goods declaration — this means that even if the date of signing the sales contract is fixed for this year, vehicles declared for export after April 1 next year will need to implement the new standards. 4 percentage points, in the face of China's NEV exports of hundreds of billions of yuan, is an arithmetic problem that can reshape the industry's profit structure. A person from a car company said in an interview that they will use the window period to recalculate the cost of the entire export link and gain initiative by adjusting the product structure. Following photovoltaics and lithium batteries, the NEV policy gradually became neutral. The industry believes that when export tax rebates decline, what is retracted is policy, and what is advanced is capacity. When Chinese cars go overseas, they will shift from a period of compounding policy dividends and cost advantages to a comprehensive competition of products, brands, and localized operations; while the “new three types” of foreign trade will also collectively enter a new stage of “systematic competition.”