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Shanghai To Switch on Trade-in Subsidy for Electric Bikes This Wed; One-off Subsidy RMB500
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Eight government units of China, including the Shanghai Municipal Commission of Commerce, recently jointly issued the “Implementation Details of Electric Bicycle Trade-in Subsidy in Shanghai”, and announced that the relevant subsidy will officially take effect from this Wednesday (16th), giving a one-time subsidy of RMB500 for buying a bike. According to the detailed rules, from October 16, 2024 to June 30, 2025, Shanghai will allow individual users to trade and scrap electric bicycles registered in Shanghai under their own names, and purchase electric bicycles that have obtained the national compulsory product certification. For new bicycles, individual users will be given a one-time discount of RMB500 for car purchases. AAStocks Financial News |
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