CCTV News (News Network): The reporter learned from the Ministry of Commerce on April 14 that since the beginning of this year, my country's electric bicycle trade-in progress has continued to accelerate, and its coverage has continued to expand. As of April 11, 3.526 million electric bicycles have been sold for old cars and purchased new cars each; more than 3.5 million consumers have applied for electric bicycle trade-in subsidies, with a total of 2.41 billion yuan in subsidies applied for.

While the old-for-new policy continues to be effective, the production and sales of electric bicycles have also achieved growth. Up to now, the old-for-new electric bicycles have driven new sales of 10.12 billion yuan.