Guangxi Expands Scope of Trade-in Policy for New Purchase Subsidies

Published: Jun 13, 2025 18:03
[Guangxi: Intensifying and Expanding Support for Trade-in of Vehicles, Home Appliances, Home Furnishing, Kitchen and Bathroom Products, and E-bikes, as Well as Subsidies for Purchasing New 3C Digital Products] The General Office of the People's Government of Guangxi Zhuang Autonomous Region recently issued the Implementation Plan for Guangxi's Special Action to Boost Consumption. It mentions intensifying and expanding support for trade-in of vehicles, home appliances, home furnishing, kitchen and bathroom products, and e-bikes, as well as subsidies for purchasing new 3C digital products. The scope of subsidies for vehicle scrappage and renewal has been expanded to cover eligible gasoline-powered passenger vehicles meeting China IV vehicle emission standards. The categories of home appliances and home furnishing, kitchen and bathroom products eligible for subsidies have been expanded to 24 and 48 categories, respectively, and the process for applying for and reviewing subsidies has been optimized. In 2025, it is expected to boost the sales of key commodities to over 38 billion yuan, promote the scrappage and renewal of 4,700 old commercial freight vehicles, the renewal of 400 new energy city buses, the replacement of power batteries in 700 new energy city buses, and the scrappage and renewal of 2,500 sets of old agricultural machinery.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Weekly Manganese Ore Review] Initial Overseas Market Offers Raised, Intensifying the Tug-of-War Between Strong Expectations and Weak Reality in the Manganese Ore Market
2 hours ago
[SMM Weekly Manganese Ore Review] Initial Overseas Market Offers Raised, Intensifying the Tug-of-War Between Strong Expectations and Weak Reality in the Manganese Ore Market
Read More
[SMM Weekly Manganese Ore Review] Initial Overseas Market Offers Raised, Intensifying the Tug-of-War Between Strong Expectations and Weak Reality in the Manganese Ore Market
[SMM Weekly Manganese Ore Review] Initial Overseas Market Offers Raised, Intensifying the Tug-of-War Between Strong Expectations and Weak Reality in the Manganese Ore Market
March 27 News: Northern ports: South African high-grade ore was 36-37.9 yuan/mtu, up WoW from last Friday; South African semi-carbonate was 43.5-44 yuan/mtu, up WoW from last Friday; Gabon ore was 47.3-47.9 yuan/mtu, up WoW from last Friday; 46% Australian lumps were 48-48.5 yuan/mtu, up WoW from last Friday. South China ports: South African high-grade ore was 34.5-35 yuan/mtu, flat WoW from last Friday; South African semi-carbonate was 38.8-39.5 yuan/mtu, up WoW from last Friday; Gabon ore was 44-44.5 yuan/mtu, up WoW from last Friday; 46% Australian lumps were 45.2-45.7 yuan/mtu, up WoW from last Friday.
2 hours ago
Samsung SDI Signed a 1.6 Trillion Won Battery Materials Contract with South Korean Cathode Materials Manufacturer L&F
2 hours ago
Samsung SDI Signed a 1.6 Trillion Won Battery Materials Contract with South Korean Cathode Materials Manufacturer L&F
Read More
Samsung SDI Signed a 1.6 Trillion Won Battery Materials Contract with South Korean Cathode Materials Manufacturer L&F
Samsung SDI Signed a 1.6 Trillion Won Battery Materials Contract with South Korean Cathode Materials Manufacturer L&F
Starting in 2027, L&F will supply LFP battery cathode materials to Samsung SDI for three consecutive years.
2 hours ago
Yangquan Company Proposes 120,000-ton Spent Battery Recycling Project
2 hours ago
Yangquan Company Proposes 120,000-ton Spent Battery Recycling Project
Read More
Yangquan Company Proposes 120,000-ton Spent Battery Recycling Project
Yangquan Company Proposes 120,000-ton Spent Battery Recycling Project
On March 17, an environmental protection technology company in Yangquan proposed the construction of the "Annual 120,000-ton Spent New Energy Power Battery Comprehensive Utilization Project." Phase I of the project involves the dismantling and crushing of 20,000 tons of spent new energy power batteries and the cascade utilization of 5,000 tons of spent new energy batteries.
2 hours ago
[Guangxi: Intensifying and Expanding Support for Trade-in of Vehicles, - Shanghai Metals Market (SMM)