The tariff of imported cars will drop by 5.4% in the next year. The price war before the middle of the year was difficult. The reporter learned yesterday that the rate of tariff reduction on imported cars in China will be set next year: Starting from January 1, next year, the tariff on imported cars under 3.0 liters will be reduced from 38.2% this year. To 34.2%, a drop of 4 percentage points; over 3.0 liters of tariffs fell from 43% this year to 37.6%, a decrease of 5.4 percentage points. Compared with the 2003 import tariff reductions of 5.6% (below 3.0 liters) and 7% (3.0 liters or more), the rate of tariff reduction on imported cars will decrease slightly next year. At the same time, China's import car quota will increase by another 15% on the basis of more than US$900 million this year. According to relevant sources, China’s auto import quota will exceed US$11 billion in 2004. This year, imported cars are expected to exceed 160,000. The relevant person in charge of the China Imported Automobile Trade Center recently briefed reporters on the import of automobiles this year and indicated that China’s imported vehicles will average 14,000 vehicles a month this year, and it is expected to reach 160,000 vehicles throughout the year. In terms of the absolute market volume, the domestic car’s current domesticest conservative estimate will also reach 4 million, and the imported car’s 160,000 will only amount to 4% of the total; in terms of amount, it will be calculated on the basis of RMB 450,000 per imported car. 16 million vehicles total about 72 billion yuan. The domestically-made cars, each worth 120,000 yuan, and 4 million cars, can reach 480 billion yuan in total. Imported cars are equivalent to 15% of the total amount of domestic cars. Relevant person in charge also believes that in 2004 China's imported auto market will face major adjustments: after the import vehicle variety structure became more gentrified in 2003, due to the easing of the supply and demand of licenses, there may be a correction after the model structure is pulled up; The combined effect of such factors as tariffs, exchange rates, licenses, domestic cars, and related policies will cause the price of imported cars to drop significantly. Imported car prices will not “divide†in the short term. Due to the influence of the winds passing through this year’s permit to be used before the end of the year and the one-time permit issued next year, the price of imported cars is “strengthened†for a long time from the end of October to the beginning of December. After that, it finally loosened. The major models such as Toyota's "Jiamei", "Fairness" and Mercedes-Benz, BMW's prices have declined to varying degrees, such as "Jiamei" and "style" both fell within 400,000 yuan. However, with the Ministry of Commerce in early December informing the provincial, municipal, and district electromechanical offices that the permit can continue to be used until after March 31 next year, the imported auto market price again “bouncedâ€. At present, certain dealers in Guangzhou, Shanghai and other places have reverted to more than 400,000 yuan for the offer of Toyota "Camry" 2.4. Many import car dealers said in an interview that some of the import prices were lowered some time ago, because the permit price was “entering the market plunged,†and another major factor was the distribution of many imported cars. At the end of the year, the merchants are facing greater financial pressure. In order to recover funds in time, many dealers have to “eat and weigh.†However, since this year's permit can be postponed to March next year, it is still not clear at what time and in what way licenses will be issued next year. Therefore, before the end of March next year, import vehicles will be sold except for special reasons. Businesses will not "hash" and then reduce the price of imported cars. For the responsible person that the price of imported vehicles will fall significantly in the next year, most dealers believe that due to the impact of the order cycle, the price of imported cars "dive" is difficult to come before the middle of next year. Reporter Zhu Zhongqi - Statistical data Sedan sales soared from January to November 70% According to the China Association of Automobile Manufacturers, domestic sales of cars in the first 11 months of this year surged 70% year-on-year to 1.73 million units, an increase greater than the top 10. 67.7% of the month. An official of the association said that only one month in November sales of cars reached 191,000, which is the largest single-month sales this year. He said that the introduction of new models, coupled with an average price reduction of about 10% of the price of cars since this year, contributed to the increase in sales. In the first 11 months of this year, sales of domestic cars, including cars, trucks, and passenger cars, rose by 31.3% year-on-year to 3.92 million vehicles. Sales of trucks were 1.1 million, an increase of 8.4% over the same period of last year, and passenger car sales were 1.08 million, an increase of 14.1% over the same period of the previous year. According to the Automobile Industry Association, domestic auto sales in November increased 35.8% from the same period last year to 406,000 units. In the first 11 months of this year, the total automobile production was more than 4 million, an increase of 35.0% over the same period of last year, and the production of cars was 1.8 million, a surge of 83.7% over the same period of last year.
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