Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 21 (Xinhua) — China’s trade-in program for electric bicycles has driven steady sales growth since early 2025, with about 6.08 million new electric bicycles sold as replacements under the program as of Tuesday, the Ministry of Commerce said Wednesday.
According to the department, new electric bicycles worth a total of 17.82 billion yuan (about 2.48 billion US dollars) were sold during the reporting period.
The trade-in program for e-bikes received a new boost after five government departments, including the Ministry of Commerce, issued a joint notice in January to expand the program.
To date, approximately 79,000 retail outlets, primarily individual and small businesses, have taken part in the initiative, indicating growing market interest.
The Ministry of Commerce said the program is gaining momentum across the country, with sales of new electric bicycles in Jiangsu and Hebei provinces each exceeding 1 million units. –0–