China's Vehicle Trade-In Subsidy Applications Exceed 2 Million. As of 00:00 on April 10, 2025, vehicle trade-in subsidy applications reached 2.232 million, including 747,000 applications for vehicle scrappage and renewal subsidies, and 1.485 million applications for vehicle replacement subsidies. The continuous effectiveness of the vehicle trade-in policy has driven automakers to intensively launch new products, and the passenger vehicle market maintained a positive trend in March.