Commerce Bureau of Shenzhen Municipality issued the Notice to Encourage Car Consumption

SHANGHAI, Mar 29 (SMM) - On March 23, the Commerce Bureau of Shenzhen Municipality issued the Notice on Launching the Declaration of “Trade-in” Car Purchase Award Project in 2022 to encourage car consumption and support consumers to buy cars through "trade-in". The Notice pointed out that the target of this trade-in reward is eligible individual consumers. Consumers can apply for government incentive funds by "trade-in" to buy qualified cars at participating automobile distribution companies and complete the registration. Among them, 5,000 yuan will be awarded if the price of fuel cars is above 300,000 yuan, 3,000 yuan will be awarded if the price is below 300,000 yuan, and 5,000 yuan will be awarded for new energy cars.