Trade-In Policies Boost Related Sales to Over 1.3 Trillion Yuan, Favoring Green and Smart Products

[Ministry of Commerce: Trade-In Policies Boost Related Product Sales to Over 1.3 Trillion Yuan]

Recently, the State Council Information Office held a press conference where a relevant official from the Ministry of Commerce introduced that trade-in policies and others have achieved remarkable results, driving the sales of related products such as automobiles, home appliances, and home renovation kitchen and bathroom products to exceed 1.3 trillion yuan. Green and smart products were highly favoured, with annual NEV retail sales increasing by over 40%, first-level energy-efficient home appliances accounting for over 90% of sales in home appliance trade-ins, and nearly 10 million smart home products replaced in home renovation kitchen and bathroom upgrades.