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During the period spanning November to December, Jiangsu Province ramped up its efforts to promote automobile replacement as a means to stimulate consumer spending, implementing a sweeping enhancement of subsidy amounts. Specifically, for new vehicles with a tax-inclusive invoice price under RMB 100,000, the subsidy has been elevated from RMB 1,000 to RMB 3,000. For cars priced between RMB 100,000 and RMB 200,000, the subsidy has seen an increase from RMB 2,000 to RMB 5,000. Those in the RMB 200,000 to RMB 300,000 price bracket now qualify for a subsidy boost from RMB 4,000 to RMB 8,000. For vehicles priced between RMB 300,000 and RMB 400,000, the subsidy has risen from RMB 6,000 to RMB 9,000. Lastly, for cars priced above RMB 400,000, the subsidy amount has been augmented from RMB 8,000 to RMB 10,000.
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