Shenyang city issues a total of 100 million yuan in subsidies for automobile consumption, starting from May 1st and goes on a first-come-first-served basis.

After the outbreak of COVID-19 in March, the auto sales market has faced significant pressure. To restore the confidence in car consumption and stimulate economic development, many regions have issued related policies to rescue the auto market. For example, on April 29th, Guangdong Province issued a policy on the purchase subsidy of new energy vehicles. On April 30th, Shenyang city also issued a policy on car purchase subsidies, including non-new energy vehicles. The original text of the policy released by Shenyang is listed below.

From May 1st, 2022, Shenyang Municipal Government will distribute a total of 100 million yuan in car consumption subsidies. The subsidies will be given to those who apply first, and the distribution will be stopped when the funds are depleted.

I. Eligibility

Individual consumers (regardless of household registration) who purchase a new non-operating car with a value of 50,000 yuan (inclusive) or more from an auto sales company in Shenyang from May 1st, 2022, are eligible to apply for the Shenyang car consumption subsidy. The specific categories are as follows:

1. For cars with an invoice amount of 50,000 yuan (inclusive) to 100,000 yuan (inclusive), a subsidy of 2,000 yuan per car will be provided.

2. For cars with an invoice amount of 100,000 yuan (exclusive) to 200,000 yuan (inclusive), a subsidy of 3,000 yuan per car will be provided.

3. For cars with an invoice amount of more than 200,000 yuan (exclusive), a subsidy of 5,000 yuan per car will be provided.

II. Platform Application

Individual consumers can use the “Shenyang Car Consumption Subsidy Application” mini-program to upload relevant proof of purchase materials. After passing the review, the Shenyang Municipal Bureau of Commerce will deposit the subsidy to the consumer’s personal account with the same name within 15 days. The application materials are as follows:

1. Fill in the name, ID number, mobile phone number, purchase amount, VIN number, and the buyer’s bank account information.

2. Upload the original ID card of the buyer, the unified invoice for motor vehicle sales, and the original purchase contract.

III. Collection Channel

IV. Other Instructions

1. If the subsidy applicant returns the car, they must first return the car consumption subsidy.

2. The subsidy applicant is responsible for the truthfulness of the information filled in and the materials uploaded. Any behavior of falsifying proof of purchase material or filling in false information will result in legal liability.

Source: [Shenyang Release]

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