The Ministry of Commerce released data on May 12 that as of May 11, the number of applications for automobile trade-in subsidies in 2025 reached 3.225 million, of which 1.035 million were scrapped and updated and 2.19 million were replaced. Since the implementation of the automobile trade-in policy in 2024, the cumulative subsidy application volume has exceeded 10 million.
The old-for-new policy of automobiles effectively promotes consumption growth, green transformation and resource circulation.
Reporter: Xie Xiyao, Wang Yuxiao Design: Hu Ge
Produced by Xinhua News Agency
