The reporter learned from the Ministry of Commerce on the 18th that recently, five departments including the Ministry of Commerce issued a notice to further clarify the subsidy conditions for electric bicycle trade-in, matters relating to process management and recycling, and guide relevant departments in various regions to regulate the electric bicycle trade-in process. The notice regulates the conditions for trade-in subsidies. All relevant enterprises and stores participating in trade-in activities should publicly promise the public that the sales price of models participating in the trade-in subsidy is not higher than the lowest transaction price of the same product in the month before the implementation of the policy. After investigation, it was discovered that sales units use the trade-in policy to raise prices first and then subsidize, or make false promises, etc., local commercial departments should disqualify the subsidy and order the refund of the subsidy. Market supervisory authorities should include them in the untrustworthy blacklist according to law and regulations, and impose administrative penalties.

The reporter learned from the Ministry of Commerce on the 18th that recently, five departments including the Ministry of Commerce issued a notice to further clarify the subsidy conditions for electric bicycle trade-in, matters relating to process management and recycling, and guide relevant departments in various regions to regulate the electric bicycle trade-in process. The notice regulates the conditions for trade-in subsidies. All relevant enterprises and stores participating in trade-in activities should publicly promise the public that the sales price of models participating in the trade-in subsidy is not higher than the lowest transaction price of the same product in the month before the implementation of the policy. After investigation, it was discovered that sales units use the trade-in policy to raise prices first and then subsidize, or make false promises, etc., local commercial departments should disqualify the subsidy and order the refund of the subsidy. Market supervisory authorities should include them in the untrustworthy blacklist according to law and regulations, and impose administrative penalties.