According to the latest data from the Ministry of Commerce, as of October 28, in 2026, trade-in had driven sales of related products totaling more than 2 trillion yuan, benefiting more than 257 million people, and the multiple effects of the trade-in policy continued to show. In terms of boosting consumption, sales of digital products such as mobile phones and tablets receiving trade-in subsidies increased 44.8% year on year, driving retail sales of communication equipment up 18.1% year on year in the first three quarters. Policies strongly lead the green and intelligent upgrading of the industry. The share of NEVs enjoying trade-ins reached 60.5%, driving the NEV retail market penetration rate to exceed 60% for 6 consecutive months. Furthermore, since this year, the number of offline stores participating in the trade-in policy has exceeded 736,000, an increase of 37.1% over the previous year, which strongly supports the development of offline physical retail.

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