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Shenzhen's Nanshan Introduces RMB100M Car Purchase Subsidy; Bao'an Subsidy RMB30K Max./ Unit
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In order to galvanize the automobile consumption market and boost the economy, Shenzhen's Nanshan and Bao'an districts launched subsidies for car purchases. Among which, Nanshan District will pour RMB100 million in car purchase subsidies. Bao'an District, on the other hand, will provide subsidies ranging from RMB2,000 to RMB30,000 for each new car owner who wins the lottery. Besides, in order to promote green travel, Shenzhen launched a city-wide vehicle trade-in and scrapping subsidy campaign. Each internal combustion engines vehicle (ICEV) is entitled to a subsidy of up to RMB15,000, and each new energy vehicle (NEV) of up to RMB20,000. AAStocks Financial News |
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