Guangdong Urges Guangzhou, Shenzhen to Further Ease Vehicle Purchase Restrictions

Published: May 9, 2025 18:17

Save

【Guangdong: Guangzhou and Shenzhen Encouraged to Further Ease Vehicle Purchase Restrictions】The General Office of the Guangdong Provincial People's Government issued a notice on May 7, calling for a reduction in consumption restrictions. Cities should be guided to comprehensively review and adjust existing restrictive measures in property purchase, transfer, credit, and pricing based on local conditions to stabilise the real estate market. Guangzhou and Shenzhen are encouraged to further ease vehicle purchase restrictions, increase Car purchase quota issuance, and promote a shift from purchase - oriented to usage - oriented vehicle management.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

SK On Consolidates Georgia Operations into Single Production System

SK On will transition to a unified production system centered on its SK Battery America (SKBA) operations in Georgia to improve efficiency in North America. According to the company on the 3rd, starting April 6 (local time), production volumes from SKBA’s first plant will be transferred to the second plant. In addition, part of the second plant’s production lines will be converted from electric vehicle (EV) battery manufacturing to energy storage system (ESS) production. The Georgia Plant 1 has an annual capacity of 10GWh and began commercial operations in the first quarter of 2022, while Plant 2 has a capacity of 12GWh and started operations in the fourth quarter of 2022.

3 hours ago

LG Energy Solution Joins Global Automotive Software Marketplace SDVerse as First Battery Maker

LG Energy Solution announced on April 3 that it has joined the automotive software open marketplace platform SDVerse, becoming the first battery manufacturer to participate. SDVerse is a B2B vehicle software platform founded by General Motors, Magna International, and Wipro. The platform provides an open ecosystem where automakers, global suppliers, and software developers can trade software solutions, supporting the transition toward software-defined vehicles (SDVs).

3 hours ago

SK On Terminates Natural Graphite Supply Agreement with Westwater

According to Westwater Resources on the 3rd, it received a contract termination notice from SK On on March 31 (local time). Under the agreement, SK On had planned to source up to 34,000 tons of natural graphite produced at Westwater’s Kellyton facility in Alabama between 2027 and 2031, but the plan has been canceled following the termination.

3 hours ago