AutoBeta(AutoBeta.net)03/28 Report--

During the market recovery period in the later stage of the epidemic, in order to stimulate automobile consumption, more and more local governments have introduced subsidies for the purchase of new cars, car purchase subsidies and so on. Ningbo, Zhejiang Province, has become another city to encourage car consumption.

On March 27, the Information Office of Ningbo Municipal people's Government announced that Ningbo decided to introduce a number of measures to help enterprises reach production and expand capacity, encourage local passenger car manufacturers to sell at a profit to consumers, promote the upgrading of brand passenger car consumption, and support the orderly development of the automobile industry.

Among them, from March 25, 2020 to September 30, 2020, consumers who buy and license locally produced and sold passenger cars in Ningbo will give each car an one-time profit of 5000 yuan, and each enterprise will limit the sale of 6000 cars.

At the same time, for the new models that local automobile production enterprises first put into production this year and listed in the national announcement catalogue of "vehicle production Enterprises and products", Ningbo will give a subsidy of 500000 yuan for every 10% of the output after the cumulative output exceeds 10%. The maximum subsidy for each enterprise is no more than 5 million yuan.

Up to now, a total of nine places have launched policies to promote automobile consumption during the epidemic period, including Ningbo, Foshan, Guangzhou, Changsha, Zhuhai and other places.

Ningbo has SAIC Volkswagen, Geely Automobile and other enterprises. Among them, SAIC-Volkswagen Ningbo plant has a total of two factories, the first phase of the Ningbo plant was completed and put into operation in October 2013, producing Volkswagen brands Tuang, Lingdu, Lingdu GTS, Skoda brand new sharp, bright station wagon, etc.; the second phase of the plant was completed and put into production in December 2017. production of Volkswagen Tuang and Skoda Klock.

Geely Motor has established a number of industrial bases in Ningbo and is the largest local automobile company. Including Geely Yuyao Factory, Geely Hangzhou Bay Factory, Cixi Factory, Geely Automobile Chunxiao Manufacturing Base, etc., to produce a number of models under Geely and Lecker brands.

The measures of local subsidies for the purchase of new cars are conducive to the resumption of production by local car companies and the promotion of local car consumption.

Industry insiders pointed out that boosting automobile consumption at present will not only lift the shackles on the consumer side, but also help the automobile industry pass. It is believed that next, more and more cities will follow suit and introduce new policies to boost car consumption.

The Ministry of Commerce clearly pointed out earlier that it will thoroughly implement the important policy decisions and arrangements of the central authorities on "actively stabilizing traditional bulk consumption such as automobiles," as well as the spirit of the "opinions of the General Office of the State Council on speeding up the development of circulation and promoting commercial consumption." in conjunction with relevant departments, we will study and introduce policies and measures to further stabilize automobile consumption to reduce the impact of the epidemic on automobile consumption.

At the same time, the Ministry of Commerce encourages all localities to introduce measures to promote the consumption of new energy vehicles, increase the purchase restrictions on traditional cars and trade in old cars for new ones in accordance with local conditions, so as to promote automobile consumption.

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