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Shanghai Announces Details of Car Trade-In Subsidy, Offering Up to RMB15K
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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. AAStocks Financial News |
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