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Real-time News
March 1st - At the start of the Year of the Horse, many provinces have released detailed rules and regulations for their car trade-in programs. Statistics show that since February 10th, more than five provinces, including Hunan, Qinghai, Henan, Fujian, and Jiangxi, have successively issued detailed rules and regulations for their car trade-in programs. Currently, all provinces in mainland China have released detailed rules and regulations for the 2026 national car subsidy program. A comprehensive review shows that the subsidy details released by various provinces are largely the same. The policy implementation period is from January 1, 2026 to December 31, 2026. The subsidy program is divided into scrapping and replacement. The scrapping subsidy standard is as follows: for scrapping a qualified old car and purchasing a new energy passenger vehicle, a subsidy of 12% of the new cars sales price will be given, with a maximum subsidy of 20,000 yuan; for scrapping a qualified gasoline passenger vehicle and purchasing a gasoline passenger vehicle with an engine displacement of 2.0 liters or less, a subsidy of 10% of the new cars sales price will be given, with a maximum subsidy of 15,000 yuan. The replacement subsidy standards are as follows: For those who replace their vehicles with eligible new energy passenger vehicles, a subsidy of 8% of the new vehicles sales price will be granted, with a maximum subsidy of 15,000 yuan. For those who replace their vehicles with eligible gasoline passenger vehicles, a subsidy of 6% of the new vehicles sales price will be granted, with a maximum subsidy of 13,000 yuan.Royal Bank of Canada analyst Helima Croft: If the conflict drags on, Washington officials may regret not replenishing the Strategic Petroleum Reserve (SPR).Royal Bank of Canada analyst Helima Croft: Due to a lack of actual production capacity, any headlines tomorrow about OPEC+ increasing production will have a limited impact on oil prices.Royal Bank of Canada analyst Helima Croft: As we understand it, regional leaders have warned the United States of the risk of renewed conflict with Iran, noting that oil prices breaking through $100 a barrel would pose a significant risk.Samsung Electronics plans to achieve AI-powered autonomous factories globally by 2030.
