China to Extend Auto Trade-in Subsidies to Year End-Shanghai Metals Market

Hot Keywords

  • Nickel
  • Nickel ore
  • Copper
  • Market commentary
  • Aluminium
  • Stainless steel
  • Rare earths
  • Macroeconomics
  • Rare earth
  • Inventory data
  • Zinc
  • Iron ore
  • Customs data
  • Production data
  • Futures movement

China to Extend Auto Trade-in Subsidies to Year End

Data Analysis 02:44:02PM May 24, 2010 Source:SMM

BEJING, May 24 -- China's government will extend subsidies for trade-in vehicles to the end of this year, the Shanghai Securities News reported, citing unidentified people.

The government will also provide as much as 60,000 yuan ($8,789) to individuals purchasing an electric vehicle and as much as 50,000 yuan for hybrids, the newspaper said in a separate article.

The policy on traded-in vehicles was due to expire on May 31 after being introduced on June 1 last year.

China's government is also scheduled to release a new plan for subsidizing individual purchases of alternative-energy fueled vehicles by end of the month.
 

Key Words:  automobile  subsidy program 

China to Extend Auto Trade-in Subsidies to Year End

Data Analysis 02:44:02PM May 24, 2010 Source:SMM

BEJING, May 24 -- China's government will extend subsidies for trade-in vehicles to the end of this year, the Shanghai Securities News reported, citing unidentified people.

The government will also provide as much as 60,000 yuan ($8,789) to individuals purchasing an electric vehicle and as much as 50,000 yuan for hybrids, the newspaper said in a separate article.

The policy on traded-in vehicles was due to expire on May 31 after being introduced on June 1 last year.

China's government is also scheduled to release a new plan for subsidizing individual purchases of alternative-energy fueled vehicles by end of the month.
 

Key Words:  automobile  subsidy program