Logo 05 Jun 2024

Auto trade-in initiative could receive up to RMB 15 billion funding

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The Ministry of Finance (MoF) has finally released the funding modality for its much-anticipated auto trade-in initiative.
ICYDK: Under the initiative, consumers can trade in new energy vehicles (NEVs) bought before April 30, 2018, or gas-powered cars that don’t meet the latest emission standards.

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