Henan Province, China officially launched Automobile Trade-in Program and "BYD Day" in Zhengzhou. Fei Quanfa, second-level inspector of the Henan Provincial Department of Commerce, said at the launching ceremony that automobiles, as commodity durable consumer goods, are the focus of the "trade-in" program.

The province encourages the replacement of used cars with high energy consumption, high emissions, long service life and potential safety hazards into new energy vehicles (NEVs) or energy-saving vehicles. Three actions will be carried out: vehicle end-of-life renewal, vehicle replacement and renewal, and automobile circulation consumption innovation.

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Fei also pointed out that individual consumers who scrap internal combustion engines (ICEs) with National III or lower emission standards or NEVs aged over six years are entitled to a subsidy of RMB7,000 for purchasing ICEs with an emission of less than 2.0 L, and up to RMB10,000 for purchasing NEVs.