China distributes 1 bln yuan in subsidies to support e-bike trade-in program

NAMPA / Xinhua

2025-03-12

BEIJING, March 12 (Xinhua) -- Since the start of 2025, China has distributed 1 billion yuan (about 139.48 million U.S. dollars) in subsidies to over 1.65 million consumers participating in its e-bike trade-in program, the Ministry of Commerce said on Wednesday. From Jan. 1, 2025, to Tuesday this week, more than 1.66 million new e-bikes were sold under the trade-in program in China, exceeding the total number sold in 2024. Since the launch o......

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