According to reports, after Hubei offered significant subsidies for car purchases, Chengdu recently announced a subsidy promotion policy, with a subsidy amount of up to 100 million yuan, and a cumulative subsidy of up to 150,000 yuan per vehicle. The deadline for the promotion is June 30.
The brands and models participating in this event include pure electric vehicles, hybrid vehicles, and plug-in hybrid vehicles, and the subsidies are provided in two forms: one-time purchase subsidies and automobile consumption vouchers.
Individual or corporate consumers can purchase designated models from companies such as FAW-Volkswagen, FAW-Toyota, Volvo, Dongfeng Motor Corporation, Dayun Motor, Lynk & Co, and Hongqi from automobile dealers in Chengdu who are registered in the national statistics system. Within the specified period, the purchased vehicles will also receive additional subsidies from these companies, ranging from 15,000 to 150,000 yuan per vehicle.
The Chengdu Economic Development Zone (Longquanyi District) is an important national automobile production base, with 10 vehicle manufacturers, including FAW-Volkswagen, FAW-Toyota, Dongfeng Motor Corporation, Volvo, and Geely, and more than 500 parts suppliers.
In 2022, the Longquanyi District’s total production of vehicles reached 980,000, and the output value of the automobile industry reached 154.1 billion yuan, of which 40,000 were new energy vehicles, a year-on-year increase of 36%.
In addition, many popular models in the market such as Sagitar, Jetta, Toyota Yaris, Peugeot 5008, and Volvo XC60 are also produced in their manufacturing plants located in the Longquanyi District. This promotion policy is also aimed at supporting the development of local companies.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.