The Shenzhen Municipal Commerce Bureau and the Investment Promotion Bureau have collaboratively unveiled the "2025 Highlights of Support Policies in Shenzhen's Business Investment Promotion", with the primary objective of stabilizing and boosting the automobile consumption market. Under this policy, consumers who purchase new cars through the scrap and replacement method are eligible for subsidies ranging from RMB 15,000 to RMB 20,000. Additionally, those opting for the replacement and upgrade method can receive a maximum subsidy of RMB 15,000. Furthermore, to foster used car transactions, a reward equivalent to 0.5% of the sales volume of used cars will be granted.
