Hainan confirmed as China's first province to ban sales of fuel-powered vehicles

Published: Jul 14, 2026 18:04
According to China News Service, the Hainan Provincial People's Government recently issued the 15th Five-Year Plan for Hainan National Ecological Civilization Pilot Zone (15th Five-Year Plan for Building a Beautiful Hainan) (hereafter referred to as the Plan). It puts forward steady progress on phasing out sales of fuel-powered vehicles by 2030, when the share of new energy vehicles (NEVs) in Hainan’s total vehicle stock is projected to climb from 23.75% in 2025 to 45%. This will make Hainan China’s first province to halt sales of fuel-powered vehicles.

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 for 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
Yongxing Materials Expects H1 Profit to Rise 137%-187% on Higher Lithium Salt Prices
Common.Time.minsAgo
Yongxing Materials Expects H1 Profit to Rise 137%-187% on Higher Lithium Salt Prices
Read More
Yongxing Materials Expects H1 Profit to Rise 137%-187% on Higher Lithium Salt Prices
Yongxing Materials Expects H1 Profit to Rise 137%-187% on Higher Lithium Salt Prices
Yongxing Materials expects its net profit for the first half of 2026 to increase 137%-187% YoY to 9.5-11.5 billion yuan. The company attributed the growth to strong demand from the EV and energy storage sectors, higher lithium salt prices, and stable production and sales of its lithium carbonate products.
Common.Time.minsAgo
Tinci Materials Expects Higher Q3 Electrolyte Output, LiPF₆ Expansion on Track
Common.Time.minsAgo
Tinci Materials Expects Higher Q3 Electrolyte Output, LiPF₆ Expansion on Track
Read More
Tinci Materials Expects Higher Q3 Electrolyte Output, LiPF₆ Expansion on Track
Tinci Materials Expects Higher Q3 Electrolyte Output, LiPF₆ Expansion on Track
Tinci Materials said its electrolyte and lithium hexafluorophosphate (LiPF₆) production facilities are operating at near full capacity. Driven by continued growth in energy storage battery demand, the company expects its electrolyte production schedule to increase further in Q3 2026. Its planned 35,000-tpy LiPF₆ capacity expansion remains on track for commissioning in the second half of 2026, with capacity ramp-up to be adjusted according to market conditions and customer demand.
Common.Time.minsAgo
China's H1 Lithium Battery Exports Jump 37.6% Amid Strong Green Energy Demand
Common.Time.minsAgo
China's H1 Lithium Battery Exports Jump 37.6% Amid Strong Green Energy Demand
Read More
China's H1 Lithium Battery Exports Jump 37.6% Amid Strong Green Energy Demand
China's H1 Lithium Battery Exports Jump 37.6% Amid Strong Green Energy Demand
China's lithium battery exports rose 37.6% YoY in the first half of 2026, while wind turbine exports increased 35.6%, according to the State Council Information Office. Exports of electric vehicles, electric locomotives, and electric motorcycles and bicycles also climbed 68.7%, 45.1%, and 31.5%, respectively, highlighting robust global demand for green energy products.
Common.Time.minsAgo
According to China News Service, the Hainan Provincial People's Govern - Shanghai Metals Market (SMM)