China is introducing various measures to improve NEV sales to...

China is introducing various measures to improve NEV sales to replace older cars. This is why I am bullish on demand. They don't hesitate to introduce all kinds of measures to achieve their goal.

"China has released details of its policy on the trade-in of old cars as part of efforts to boost consumption. Fourteen government departments, including China's Ministry of Commerce, jointly released the action plan to promote consumer goods replacement today to accelerate the nation's trade-ins of cars and home appliances."

...

"In vehicle replacement, China will increase policy support, including encouraging financial institutions to lower down payment ratios for loans, encouraging insurance organizations to offer a wider range of products and setting reasonable insurance rates for new energy vehicles (NEVs)."

"Companies are encouraged to upgrade used car recycling services to facilitate used car delivery. Automobile manufacturers are encouraged to carry out used-vehicle trade-in business, and used-car dealers are encouraged to provide warranty services. China will also improve the quality of used car exports and support used car exporters in expanding overseas markets, according to the document. Local governments are encouraged to improve infrastructure including charging, battery swap, parking and intelligent transportation. Notably, a new policy released on April 3 relaxes policies on personal-use auto loans as part of efforts to stimulate consumption."

more details in the article

https://cnevpost.com/2024/04/12/china-releases-action-plan-trade-in-goods-including-cars/