Top 10 Chinese automotive market highlights

Shenzhen caps new vehicle purchases

Wen Zi / for China Daily

On Dec 29, Shenzhen, Guangdong province, announced a cap on the sales of new cars. As of Dec 30, residents are only permitted to acquire license plates for new vehicles either by lottery or auction. According to the policy, 100,000 new car plates will be allocated per year, including 20,000 plates for electric cars. Statistics show that more than 220,000 vehicles were sold in the city in the first half of the year. Other cities with similar policies are Beijing, Shanghai, Guangzhou, Guiyang, Shijiazhuang, Tianjin and Hangzhou.