On October 17, the reporter learned from the Ministry of Commerce that as of 24:00 on October 16, the number of applications for automobile scrapping and renewal subsidies nationwide had exceeded 1.42 million, and the number of new subsidy applications on that day exceeded 20,000 for the first time. According to the Ministry of Commerce, the number of applications has increased rapidly since the implementation of the national automobile scrap renewal subsidy policy. The car trade-in information platform took 56 days from receiving the first vehicle scrap renewal subsidy application on April 27 to when the number of subsidy applications exceeded 100,000; from the 100,000th application to the 500,000 application, it took 45 days; and from the 500,000 application to the 1,000th application, it took 38 days. Industry insiders believe that the number of applications is growing at an accelerated pace, indicating that the effects of the automobile trade-in policy are gradually showing. At the same time, the increase in the number of subsidy applications will also drive the automobile industry to improve.

On October 17, the reporter learned from the Ministry of Commerce that as of 24:00 on October 16, the number of applications for automobile scrapping and renewal subsidies nationwide had exceeded 1.42 million, and the number of new subsidy applications on that day exceeded 20,000 for the first time. According to the Ministry of Commerce, the number of applications has increased rapidly since the implementation of the national automobile scrap renewal subsidy policy. The car trade-in information platform took 56 days from receiving the first vehicle scrap renewal subsidy application on April 27 to when the number of subsidy applications exceeded 100,000; from the 100,000th application to the 500,000 application, it took 45 days; and from the 500,000 application to the 1,000th application, it took 38 days. Industry insiders believe that the number of applications is growing at an accelerated pace, indicating that the effects of the automobile trade-in policy are gradually showing. At the same time, the increase in the number of subsidy applications will also drive the automobile industry to improve.