China's e-bike trade-in program fuels over 6 mln new sales

BEIJING, May 21 (Xinhua) -- China's electric bicycle trade-in program has generated robust sales since the start of 2025, with about 6.08 million vehicles traded in as of Tuesday, the Ministry of Commerce said on Wednesday.

New vehicle sales worth 17.82 billion yuan (about 2.48 billion U.S. dollars) were recorded during the period, the ministry said.

China's e-bike trade-in scheme renewed its momentum after five government departments, including the ministry, issued a joint notice in January extending the program.

So far, the initiative has attracted participation from about 79,000 retail outlets, primarily individual businesses and small enterprises, indicating growing market enthusiasm.

The program has gathered pace nationwide, with both Jiangsu and Hebei provinces seeing their new vehicle sales top 1 million units, the ministry said.