Qingdao: 2.5 billion yuan in car replacement subsidies to be issued in March

Recently, the Qingdao Municipal Bureau of Commerce announced that in March, a subsidy of 250 million yuan will be issued for old car trade-in programs. It is reported that in early February, Qingdao launched the “2026 Qingdao Spring Consumption Season.” As of March 5, the old car trade-in policy has driven a total auto sales of 1.556 billion yuan across the city. (People’s Finance News)

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