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Shanghai Announces Details of Car Trade-In Subsidy, Offering Up to RMB15K
24 Apr 2025 11:16
The Shanghai Municipal Commission of Commerce and four other departments have released detailed rules for the car trade-in and upgrade subsidy.
For individuals who purchase a new energy vehicle (NEV) or a National VI-b fuel vehicle priced at above RMB100,000 and complete the transfer of their old car, they will be provided with a fixed subsidy of RMB15,000 and RMB13,000 respectively.
This measure aims to boost car consumption and promote the adoption of NEVs.
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AAStocks Financial News
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