Briefly

CGN generates 310b kWh of grid power

China General Nuclear Power Corp, a major nuclear power operator in China, generated 310.4 billion kilowatt-hours (kWh) of grid power in 2022, the energy group said. The figure represented an increase of 12.4 billion kWh compared to that in 2021, the company said, adding that its number of nuclear power units in operation reached 26 in 2022. In terms of new energy, CGN added 7.21 million kilowatts of installed capacity in operation in 2022 and the installed capacity in operation of its domestic new energy projects exceeded 35 million kilowatts.

NEV tax exemptions nearly double

China's tax exemptions for purchases of new energy vehicles soared 92.6 percent year-on-year in 2022 amid the country's efforts to promote environmentally friendly automobile consumption, official data showed. A total of 87.9 billion yuan ($13.06 billion) in such taxes was waived last year, according to the State Taxation Administration. To shore up development of the NEV sector, China has been implementing the purchase tax exemption policy since 2014. In September 2022, it extended the preferential tax policy to the end of 2023.

Xinhua - China Daily