Shanghai Expands Vehicle Replacement Subsidies to Include Out-of-Province Plates

Published: Apr 13, 2025 14:49
Shanghai Further Strengthens Support for Vehicle Replacement and Renewal, Expanding Subsidy Scope to Include Out-of-Province License Plates. The official WeChat account of "Shanghai Commerce" announced that from January 1, 2025 (inclusive, the same hereinafter) to December 31, 2025, individual consumers who purchase new energy passenger vehicles priced at 100,000 yuan or more (based on the amount stated on the Uniform Invoice for Motor Vehicle Sales) and transfer (excluding changes, the same hereinafter) their passenger vehicles registered in other provinces and cities within the specified period will receive a one-time fixed subsidy of 15,000 yuan. From January 1, 2025, to December 31, 2025, individual consumers who purchase new fuel-powered passenger vehicles meeting the National VI b emission standards priced at 100,000 yuan or more (based on the amount stated on the Uniform Invoice for Motor Vehicle Sales) and transfer their eligible fuel-powered passenger vehicles registered in other provinces and cities within the specified period will receive a one-time fixed subsidy of 13,000 yuan.

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 Analysis] Restructuring of Lithium Carbonate Supply-Demand Pattern: Industry Chain Shifts Under Policy Dividends and Resource Constraints
2 hours ago
[SMM Analysis] Restructuring of Lithium Carbonate Supply-Demand Pattern: Industry Chain Shifts Under Policy Dividends and Resource Constraints
Read More
[SMM Analysis] Restructuring of Lithium Carbonate Supply-Demand Pattern: Industry Chain Shifts Under Policy Dividends and Resource Constraints
[SMM Analysis] Restructuring of Lithium Carbonate Supply-Demand Pattern: Industry Chain Shifts Under Policy Dividends and Resource Constraints
When we shifted our perspective away from price fluctuations, we found that the lithium carbonate market in Q1 2026 was undergoing deeper structural changes. These changes were reflected not only in price changes, but also in policy-driven dynamics on the demand side, geopolitical constraints on the supply side, and the quiet transformation of lithium carbonate's role within the entire new energy industry chain.
2 hours ago
[SMM Analysis] Lithium Carbonate Q1 "N-Shaped" Oscillation: Tight Balance Pattern Amid Tug-of-War Between Upstream and Downstream
2 hours ago
[SMM Analysis] Lithium Carbonate Q1 "N-Shaped" Oscillation: Tight Balance Pattern Amid Tug-of-War Between Upstream and Downstream
Read More
[SMM Analysis] Lithium Carbonate Q1 "N-Shaped" Oscillation: Tight Balance Pattern Amid Tug-of-War Between Upstream and Downstream
[SMM Analysis] Lithium Carbonate Q1 "N-Shaped" Oscillation: Tight Balance Pattern Amid Tug-of-War Between Upstream and Downstream
In Q1 2026, China's lithium carbonate market entered a phase of fluctuating at highs, building on the strong rally at the 2025 year-end. Prices exhibited a typical "N-shaped" wide-ranging trajectory: a significant rise in January, a slight pullback in February, and another sharp rise in March. Behind this trajectory was a concentrated manifestation of the ongoing tug-of-war between upstream spot order holders holding back from selling and downstream buyers restocking on dips.
2 hours ago
First Batch of Lithium Chemical Products Delivered from Huayou's Zimbabwe Base
Apr 25, 2026 20:34
First Batch of Lithium Chemical Products Delivered from Huayou's Zimbabwe Base
Read More
First Batch of Lithium Chemical Products Delivered from Huayou's Zimbabwe Base
First Batch of Lithium Chemical Products Delivered from Huayou's Zimbabwe Base
On April 25, 2026 local time, the Zimbabwe lithium sulfate project successfully held the shipment ceremony for its first batch of products, marking the full transition of Huayou's lithium sulfate project in Zimbabwe from construction and commissioning to stable production. Huayou became the first Chinese enterprise to achieve localized lithium sulfate production in Zimbabwe, marking a milestone achievement in Huayou's ex-China ore mining and metallurgy integration strategy.
Apr 25, 2026 20:34
Shanghai Further Strengthens Support for Vehicle Replacement and Renew - Shanghai Metals Market (SMM)