May 19jackpotcityca, Hangzhou City released the "Hangzhou City Action Plan to Promote the Exchange of Old Consumer Goods with New Products." The program provides products such as automobiles, electric bicycles, home appliances and home improvement, kitchen and bathroomjackpotcitycaThe old-for-new activity aims to stimulate market vitality and economies of scale.
The plan plans that in 2024, the sales of new energy vehicles in Hangzhou City will reach the province's target level, and the sales of household appliances are expected to increase by 6%. It is planned to eliminate and update 5.jackpotcityca.10,000 electric bicycles, and five new centralized sorting centers and recycling points for renewable resources have been built.
By 2027, the annual sales volume of new energy vehicles is expected to reach 300,000 units, the market penetration rate will exceed 50%, the annual recycling volume of scrapped cars is expected to exceed 30,000 units, and the trading volume of used cars will exceed 300,000 units. Annual sales of home appliances are expected to increase by 20% compared with 2023, and a total of 45 centralized sorting and processing centers for renewable resources are planned to be built.