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Here s Why Ambarella Stock Surged 10% Higher Today

Here s Why Ambarella Stock Surged 10% Higher Today
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China to reduce tariffs on imported fuel cell-related parts

China to reduce tariffs on imported fuel cell-related parts Monika From Gasgoo | December 28 , 2020 Shanghai (Gasgoo)- China will lower tariffs on fuel cell-related components imported to the country in 2021, which will be a boon to the development of fuel cell vehicles (FCVs). In 2021, the tariff levied on the imported fuel cell-related compressors, circulating pump and carbon electrode slice is set to be rated at 5%, 2% and 5%, falling from the most-favored-nation tariffs of 7%, 7% and 10%, according to a document the Customs Tariff Commission of the State Council issued earlier this month. Aion LX FCV; photo credit: GAC Aion The authority said it will put levies on a total of 883 imported items at temporary rates lower than the corresponding most-favored-nation tariff rates in 2021, in a bid to coordinate domestic and overseas market resources and improve the supply quality.

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