Shanghai's Yangpu District Launches First Batch of 2026 Auto Vouchers, Offering Up to ¥3,000 in Subsidies

On February 26, Yangpu District in Shanghai launched its first round of automotive consumption vouchers for 2026, with a total budget of RMB 10 million. Consumers who purchase new non-commercial passenger vehicles—either fuel-powered or new-energy models meeting China’s National VI-b emission standards—from participating car dealerships in Yangpu District are eligible for cash subsidies: RMB 2,000 for vehicles priced between RMB 100,000 and RMB 300,000, and RMB 3,000 for those priced above RMB 300,000. To qualify, the vehicle must be registered in Shanghai, and the buyer must obtain both the "Motor Vehicle Registration Certificate" and the "Vehicle License." Additionally, the "Uniform Invoice for Motor Vehicle Sales" must be issued by a dealership in Yangpu District, with an invoice date on or after February 26. Recently, cities and provinces including Qingdao, Sichuan, and Fujian have also rolled out generous vehicle trade-in subsidies, with some reaching as high as RMB 15,000.