According to data released by the Ministry of Commerce on the 10th, as of 24:00 on December 9th, the total number of applications for car trade in subsidies in China has exceeded 5 million, including over 2.44 million scrapped updates and over 2.59 million replacement updates. The orderly promotion of car trade in has accelerated the effectiveness of policies. In November, the retail sales of passenger cars in China reached 2.423 million units, a year-on-year increase of 16.5%, with a growth rate 5.2 percentage points faster than in October. From January to November, the retail sales of passenger cars reached 20.257 million units, a year-on-year increase of 4.7%. In November, the retail sales of new energy passenger vehicles in China reached 1.268 million units, a year-on-year increase of 50.5%, accounting for 52.3% of the total retail sales of passenger vehicles in China. From January to November, the retail sales of new energy passenger vehicles in China reached 9.594 million units, a year-on-year increase of 41.2%. In November, 1.032 million scrapped cars were collected nationwide, a year-on-year increase of 141.6%. From January to November, 6.878 million scrapped cars were collected nationwide, a year-on-year increase of 64.6%. (New Society)