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Qingdao Launches New Car Purchase Subsidies Up to RMB12K
Qingdao has allocated RMB30 million in funding to launch a new car purchase subsidy campaign from May 1 to Jun 30, according to a report from the city's official media outlet, ...
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Qingdao has allocated RMB30 million in funding to launch a new car purchase subsidy campaign from May 1 to Jun 30, according to a report from the city's official media outlet, citing the Qingdao Municipal Bureau of Commerce.

This campaign aims to subsidize 4% of the price of eligible new energy passenger vehicles that individual consumers buy in Qingdao, capped at RMB12,000. Those who purchase eligible gasoline passenger vehicles can also receive a subsidy of 3% of the vehicle price, capped at RMB10,000.

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