What are the new developments in the trade in of electric bicycles?

2024-10-23

Reporters recently conducted interviews in Guangdong, Jiangsu, Hebei, Yunnan and other places and found that, based on national guidance, local implementation, and business participation, some regions have experienced a small peak in electric bicycle sales, with the market gradually heating up, the exchange process being further simplified, and policy effects gradually released. According to the latest data from the Ministry of Commerce, since the five departments jointly released the "Implementation Plan for Promoting the Trade in of Electric Bicycles" in August this year, as of October 22, 30 provinces have issued implementation rules and used more than 66 million yuan of subsidy funds. The reporter learned from the interview that there are differences in subsidy amounts, subsidy methods, and the number of subsidies that consumers can enjoy in different regions. The subsidy amount varies. Some provinces stipulate a subsidy of 500 yuan per vehicle, while others set up subsidies based on the value gradient of purchasing new cars. According to Jiangsu regulations, a subsidy of 300 yuan is provided for newly purchased electric bicycles priced below 2000 yuan (excluding), a subsidy of 400 yuan is provided for bicycles priced between 2000 yuan (including) and 3000 yuan (excluding), and a subsidy of 500 yuan is provided for bicycles priced above 3000 yuan (including). Multiple provinces have explicitly stated that the residual value of old cars can be deducted from the purchase amount of new cars and is not included in the subsidy. There are differences in subsidy methods. In Yunnan, when consumers return and cancel old electric bicycles and purchase new ones, the settlement platform automatically calculates the subsidy amount and deducts it; In Guangdong, consumers need to scrap their old cars and cancel their old license plates before purchasing new cars. Finally, they need to fill in the relevant information in the mini program to apply for subsidies, and the subsidy funds will be disbursed to their personal accounts in one lump sum. The number of subsidies also varies. In Guangdong, each person can apply for a subsidy up to once. In Yunnan, for every old car returned for cancellation and one new car purchased, one subsidy can be applied for once, and each person can apply for up to four subsidies. In Hebei, each person can participate in up to 3 trade in activities. In addition, policies introduced in various regions explicitly encourage the replacement of lithium batteries with lead-acid batteries. As proposed by Jiangsu, consumers who return old lithium-ion battery electric bicycles and replace them with lead-acid battery electric bicycles will receive an additional subsidy of 100 yuan on top of the subsidy standard for each level. Lan Shiyou, Executive Chairman of Guangdong Electric Vehicle Chamber of Commerce, stated that this electric bicycle trade in activity encourages and guides electric bicycles with aging core components or safety hazards in the market to be replaced with electric bicycle models that meet the new national standards, in order to meet the needs of residents' consumption upgrading and continuously improve their quality of life. The sales revenue of trade in has reached 460 million yuan. The reporter came to the Yadi electric bicycle store located on Qianxing Road in Kunming, Yunnan Province. Citizen Yang Jie is handling the trade in business. Yang Jie said that according to the assessment, the residual value of the old car is 415 yuan, with a government subsidy of 500 yuan. To buy a new car worth 2799 yuan, only 1884 yuan is needed. Young people mainly care about appearance and intelligence when choosing, and the most popular ones are still the basic models with high cost-effectiveness Ou Shunli, the person in charge of Tailing Electric Bicycle Store in Nanhe District, Xingtai City, Hebei Province, introduced that in terms of battery types, consumers mostly choose electric bicycles with lead-acid batteries, and the subsidy price is more affordable. Xue Fengnan, the manager of the flagship store on Yadi Lianfang Road in Congtai District, Handan City, Hebei Province, said, "In the past, during the peak season of electric bicycle sales, more than ten electric bicycles could be sold in a day. After the launch of the trade in promotion, more than 30 electric bicycles could be sold every day, doubling the sales volume." According to Shao Qing, the head of the Commercial Circulation Service Department of the Handan Municipal Bureau of Commerce, the first batch of 140 electric bicycle trade in promotion stores in Handan City sold 4760 electric bicycles during the National Day holiday, with sales of 12.35 million yuan and subsidies of 2.14 million yuan. We are currently intensifying efforts to select and supplement electric bicycle stores. According to statistics from the Ministry of Commerce, as of October 22, a total of 2993 electric bicycle trade in events have been held in various regions, with 176300 old cars recycled and 176300 new cars sold, resulting in a sales revenue of 460 million yuan. Reporters found that due to the recent introduction of policies, there are also some places where store sales have not seen a significant increase. Guo Laijian, the Operations Director of Yadi Technology Group Sales Co., Ltd. in Guangzhou, stated that there has been an increase in the number of consumers who come to consult about the exchange of old electric bicycles for new ones recently. He hopes to further optimize the process of electric bicycle cancellation and registration, accelerate the implementation of subsidies, and attract more consumers to participate. Further standardize, simplify, and improve the convenience of electric bicycles through trade in, involving multiple processes such as production, sales, and recycling. During the interview, the reporter found that many businesses and consumers are looking forward to simplifying the relevant processes and improving the convenience of exchanging old for new. Recently, the Ministry of Commerce and five other departments issued a notice to guide relevant departments in various regions to further clarify and standardize the subsidy conditions, process management, and recycling related matters for exchanging old for new electric bicycles. Some places are taking active action. The Nanjing Municipal Bureau of Commerce has announced the first batch of 1029 stores participating in the electric bicycle trade in activity. Community grid workers, fire volunteers, and others from Zhaotong, Yunnan, entered densely populated areas such as community streets and shops along the street to interpret the relevant activity details face-to-face with the public. Guangdong has established a registration system for the scrapping and recycling of electric bicycles to enhance the transparency of the scrapping and recycling process. At the flagship store of Yadi Electric Vehicle on Changxing Road in Tianhe District, Guangzhou, the reporter saw that some consumers were filling out purchase information under the guidance of the staff. The store manager, Lv Tingwei, said that the store arranges sales personnel to track and provide full service for trade in orders and ensure good service. Some places have taken measures to strengthen the storage security of the recycling process. Ou Shunli said, "After the old car is recycled, we first place the batteries according to the requirements and regulations, and then contact the enterprise for on-site recycling. This not only does not occupy land, but also reduces fire hazards." Lan Shiyou said that exchanging old for new electric bicycles involves long chains and multiple links, and digital technology can be applied to further simplify the process, improve recycling efficiency, and enhance the sense of gain for the public. (New Society)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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