News Focus - The Ministry of Industry and Information Technology announced the seventh batch of national industrial heritage and the third batch of national industrial heritage that passed re-examination, including 32 projects such as Qingshan Substation and Qinshan Nuclear Power Station [2] - China has become a member of the International Committee for Mineral Reserves Reporting Standards (CRIRSCO), marking a significant milestone in the internationalization of China's mining technology standards [2] Domestic News - The National Energy Administration reported that the total electricity consumption in September 2025 increased by 4.5% year-on-year, with the first industry growing by 7.3% and the second industry by 5.7% [3] - The China Automotive Engineering Society released the "Energy-saving and New Energy Vehicle Technology Roadmap 3.0," aiming for over 80% market penetration of new energy vehicles by 2040 [3] Industry Developments - A new shale oil reserve with a resource volume of over 100 million tons was discovered in the Sichuan Basin, with the test well producing 38.64 cubic meters of shale oil per day [4] - Shenzhen's action plan for promoting high-quality mergers and acquisitions in strategic emerging industries includes support for leading listed companies in sectors like integrated circuits and artificial intelligence [4] - Chongqing's government issued a plan to promote the large-scale development of ultra-low energy consumption and low-carbon buildings, emphasizing the application of green building materials [5] Maritime Industry - China's first self-developed large dual-fuel passenger roll-on/roll-off ship was delivered, capable of using both fuel oil and liquefied natural gas, with 100% domestic production [6] - A 10,000-ton pure electric bulk carrier was launched in Yichang, marking a significant step in the green and intelligent development of inland shipping [6] International News - The EU officially passed the 19th round of sanctions against Russia, which for the first time targets the Russian natural gas industry [7] - The U.S. imposed sanctions on two major Russian oil companies in response to the ongoing conflict in Ukraine [7] - The external power supply lines of the Zaporizhzhia Nuclear Power Plant have been restored after being cut off for a month [7] Corporate News - The first pure methanol-powered vessel in the Huai River Basin has commenced construction, designed for coal transportation with a length of 67.4 meters [8]

Core Viewpoint - The announcement from the Ministry of Industry and Information Technology, Ministry of Finance, and State Taxation Administration outlines updates to the technical requirements for energy-saving and new energy vehicles eligible for vehicle and vessel tax exemptions, effective from January 1, 2026 [1][5][6]. Summary by Sections Section 1: Updates to Fuel Consumption Standards - The fuel consumption limits for energy-saving passenger cars, light commercial vehicles, and heavy commercial vehicles will be updated as per the new standards [5][6]. - Specific limits are detailed in attachments for different vehicle categories, ensuring compliance with the latest regulations [5][6]. Section 2: Adjustments to Technical Requirements - Adjustments to the technical requirements for new energy vehicles are specified, continuing to follow the previous regulations until the new standards take effect [5][6]. Section 3: Implementation Timeline - The new regulations will be implemented starting January 1, 2026, with the previous regulations remaining in effect for applications submitted before this date [6]. - Vehicles that meet the new technical requirements will be included in a new directory for tax exemptions, while those that do not comply must be rectified and re-applied by the deadline [6]. Section 4: Continuation of Existing Benefits - Vehicles listed in previous directories will continue to enjoy tax exemptions regardless of their transfer status until the new directory is announced [6]. Section 5: Technical Requirements for New Energy Vehicles - New energy passenger vehicles must meet specific electric range and fuel consumption standards, including a minimum electric range of 100 km for plug-in hybrid vehicles [24][25]. - New energy buses and trucks have distinct requirements for electric range and energy consumption, ensuring they meet modern efficiency standards [27][28].