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Shanghai promotes auto consumption by offering a subsidy of CNY 10,000 to BEV buyers

On June 17, the Shanghai Municipal Development & Reform Commission (SMDRC) and the Shanghai Municipal Finance Bureau jointly issued a notice on the “Detailed Rules for the Implementation of Subsidies to Promote Auto Consumption in Shanghai”.
According to the notice, from June 1 to December 31, 2022, in any auto sales....

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