National Development and Reform Commission: From January to February 2025, the national new energy passenger vehicle retail sales will be about 1.34 million, a year-on-year increase of 26%.

At a press conference held by the State Council Information Office, a relevant person in charge of the National Development and Reform Commission stated that in 2025, China will arrange 300 billion yuan of ultra-long-term special treasury bonds to support the expansion of old-for-new consumer goods replacement programs. This amount of funds has doubled compared to last year, and the first batch of 81 billion yuan has been allocated to local governments in early January.

In the first two months of this year, the national retail sales of new energy passenger vehicles were about 1.34 million units, and the sales of first-level energy-efficient household appliances were 24.1 billion yuan, up 26% and 36% year-on-year respectively.

The market sales volume of mobile phones priced below 6,000 yuan was about 33 million units, with sales revenue of about 86 billion yuan. The average weekly sales volume and sales revenue increased by 19% and 29% respectively compared with the week before the subsidy. The old-for-new program got off to a good start.

According to the policy, the implementation plan for subsidies for purchasing new mobile phones, tablets, and smart watches (bracelets) is clear. Individual consumers who purchase three types of digital products, namely mobile phones, tablets, and smart watches (bracelets), with a single sales price not exceeding 6,000 yuan, can enjoy subsidies for purchasing new mobile phones.

Each person can subsidize one item per category, and the subsidy ratio for each item is 15% of the final sales price after deducting all discounts in the production, circulation links and mobile operators, and the maximum subsidy per item shall not exceed RMB 500.

Considering the selling price, it is most cost-effective to buy a mobile phone priced at 3,333 yuan. Consumers can enjoy the highest discount ratio and get a full subsidy of 500 yuan.

Zikuai Technology