Xuan Gu Bao·2025-12-30 23:49Group 1 - The National Development and Reform Commission and the Ministry of Finance announced a policy to continue and optimize the vehicle trade-in program in 2026, supported by long-term special government bond funds for vehicle scrapping and replacement [1] - Consumers will receive subsidies for scrapping their old vehicles and purchasing new energy vehicles or fuel vehicles with an engine size of 2.0 liters or less, with subsidies of 12% (up to 20,000 yuan) and 10% (up to 15,000 yuan) respectively [1] - The policy is expected to drive sales growth in the automotive market, with predictions of a "front low and back high" trend in 2026, contributing to a strong start for the 14th Five-Year Plan [1] Group 2 - Major industry players such as BYD, Seres, BAIC Blue Valley, and Jianghuai Automobile are expected to benefit significantly from the new policies [2]