Core Insights - In the first half of 2025, Dongchedi Technology Co., Ltd. facilitated over 11 billion yuan in various government automotive subsidy applications, with more than 960,000 applications, driving nearly 150 billion yuan in new car consumption [1][2] - Dongchedi has become a preferred channel for consumers to apply for subsidies and purchase vehicles, covering 14 provinces for subsidy application services and providing policy inquiry services across 31 provinces [1] Group 1 - In the first half of 2025, Dongchedi processed 926,000 applications for vehicle replacement subsidies, amounting to nearly 11 billion yuan, which cumulatively drove over 146 billion yuan in new car consumption [2] - The company launched a nationwide automotive scrapping and replacement subsidy application mini-program in collaboration with Douyin in 2024, which contributed to 1.4 billion yuan in subsidies and an estimated 30 billion yuan in new car consumption [1][2] - Approximately 40% of consumers check for subsidies through Dongchedi before purchasing a vehicle, indicating a growing consensus that "apply for subsidies before buying a car" is becoming standard practice [2] Group 2 - 70% of surveyed consumers believe that subsidies enhance their willingness to purchase vehicles, highlighting the importance of widespread awareness of subsidy policies [2] - Dongchedi's initiative to provide subsidy application services aligns with national policies and serves as a significant means to support consumers in vehicle replacement and lifestyle upgrades [2] - The company aims to continue leveraging its platform value to meet government requirements and consumer expectations, ensuring that subsidy funds effectively translate into automotive consumption momentum [2]