In 2024, the national subsidy policy was introduced, and the red flag followed up overnight to start the first shot of ＂trade-in＂
The 2024 Beijing Auto Show officially opened the public day today. I believe many friends have planned to go to the scene to enjoy the car. And friends who plan to change cars in the near future should pay attention. If you are not careful, you may miss the fixed subsidy of 10,000 yuan!
Recently, the Ministry of Commerce, the Ministry of Finance and other seven ministries and commissions jointly issued the Detailed Rules for the Implementation of Automobile Trade-in Subsidies (hereinafter referred to as the Detailed Rules), which clarified the subsidy policy for automobile trade-in funds.
The scope and standards of subsidies are defined in the Detailed Rules: from the date of issuance of the Detailed Rules to December 31, 2024, individual consumers who scrap fuel passenger cars with national emission standards of Class III and below or new energy passenger cars registered before April 30, 2018, and buy new passenger cars that meet the energy-saving requirements, can enjoy a one-time fixed subsidy. Among them, those who scrap the above two types of old passenger cars and buy qualified new energy passenger cars will be subsidized by 10 thousand yuan; A subsidy of 7,000 yuan will be given to scrapped passenger cars with national emission standards of Class III and below (gasoline passenger cars registered before June 30, 2011, diesel passenger cars registered before June 30, 2013 and passenger cars with other fuel types) and purchased passenger cars with a displacement of 2.0 liters and below.
The specific application process of subsidies is as follows: individual consumers who intend to apply for automobile trade-in subsidies should fill in the application materials by logging into the website of the national automobile circulation information management system or the "automobile trade-in" applet before January 10, 2025, and the relevant materials should be obtained from the date of issuance of the Detailed Rules to December 31, 2024.
At the same time, consumers and friends need to pay attention, and the detailed rules clarify the requirements for supervision and management: relevant local departments should do a good job in subsidizing the old-for-new vehicles according to their duties and strengthen supervision and management. All localities shall not require that scrapped cars be sold to designated enterprises, and shall not set up a list of subsidies or enterprises with regional and technical product orientation. All localities should set up a telephone hotline for car trade-in, respond to public demands in time, and accept social supervision. Friends who want to get subsidies should call the hotline for detailed consultation before replacement, and beware of people with ulterior motives taking the opportunity to cheat.
Just after the "Rules" were officially released, we learned from the automobile official that Hongqi Automobile actively responded to the "Rules" and became the brand that started the first shot of "trade-in" this year, showing its "eldest son" demeanor.
According to sources, on the night when the Rules were officially announced, Hongqi announced the latest policies overnight, covering the best-selling models such as,,, Hongqi HQ9, and so on. The maximum subsidy can reach 50,000 yuan, and the implementation period is from April 27th to June 30th.
Let’s take a look at the specific replacement/scrapping subsidy policies for each model.
Red Flag H5/ Red Flag HS5
Hongqi H5 positioning medium-sized car, the appearance continues the family-style design, and the overall shape is very simple. The length, width and height are 4988/1875/1470mm respectively, and the wheelbase is 2920 mm. In terms of power, 1.5T, 2.0T and 1.5T HEV versions are available.
Hongqi HS5 locates a medium-sized SUV, which strengthens the sense of muscle and movement as an SUV while maintaining the family-style design. The length, width and height are 4785/1905/1700mm respectively, and the wheelbase is 2870 mm. In terms of power, the whole system comes standard with a 2.0T engine, providing two-wheel drive and four-wheel drive models for consumers to choose from.
Replacement/scrapping subsidy policy: 10,000 yuan/set for non-Hongqi brand vehicles and 12,000 yuan/set for Hongqi brand vehicles.
Hongqi H6/ Hongqi HS3
As a B+-class luxury fashion car carried by Hongqi brand, Hongqi H6 is less serious and more fashionable and sporty than Hongqi H5 on the same platform, and it is a very individual model among Hongqi brands. The length, width and height are 4990/1880/1455mm respectively, and the wheelbase is 2920 mm. In terms of power, Hongqi H6 is equipped with a high-low power 2.0T engine, with a high-power version of 185kW, a peak torque of 380N·m, and an acceleration of 6.8 seconds per 100 kilometers.
Hongqi HS3 is the first compact SUV of Hongqi brand, focusing on the young consumer market. The overall modeling of Hongqi HS3 not only continues the family design, but also adds more designs that young people like, making the overall style more personalized. In terms of size, although the compact SUV is positioned, it is not small, with a length, width and height of 4655/1900/1668mm and a wheelbase of 2770mm respectively. In terms of power, Hongqi HS3 is equipped with 1.5T and 2.0T powertrains, matching with 7-speed dual clutch and 8-speed automatic manual transmission.
Replacement/scrapping subsidy policy: 8,000 yuan/set for non-Hongqi brand vehicles and 10,000 yuan/set for Hongqi brand vehicles.
Hongqi EH7
Hongqi EH7 is the first model launched after the independent operation of Hongqi New Energy Sub-brand, which is based on the new FMEs "Flag" super architecture. Hongqi EH7 is positioned as a medium-sized and large-sized pure electric car, adopting the brand’s latest design language, and its overall shape has great visual impact. In terms of body size, the length, width and height of the new car are 4980/1915/1490mm and the wheelbase is 3000mm respectively.
Red Flag EH7′ s interior dual screen and polygonal steering wheel create a strong scientific and technological atmosphere. In the configuration part, the new car is equipped with a 6-inch +15.5-inch curved double screen design, and also equipped with an AR HUD head-up display system. The car uses Snapdragon 8155 chip.
Replacement/scrapping subsidy policy: 10,000 yuan/set for non-Hongqi brand vehicles and 20,000 yuan/set for Hongqi brand vehicles.
Hongqi HQ9
At this year’s Beijing Auto Show, 2024 models were officially listed, and the price range was 358,800-538,800 yuan. Among them, the new PHEV model is equipped with a plug-in hybrid system consisting of a 2.0T engine and front and rear dual motors. 210kW, peak torque 440 n m. The official comprehensive fuel consumption per 100 kilometers is 2.4L, and the acceleration time per 100 kilometers is 8.3s.
It is basically consistent with the fuel version on sale in terms of modeling. The vehicle charging interface is located above the left rear tire, and the tail PHEV logo proves its identity as a new energy vehicle.
In terms of interior design, at first glance, the new car feels more stable and luxurious. The floating central control large screen will integrate many practical functions, and the three-piece style will be decorated with chrome trim strips, plus a large area of leather packaging and wooden decorative boards, thus creating a comfortable and luxurious interior atmosphere.
Replacement/scrapping subsidy policy: the subsidy for non-Hongqi brand vehicles in non-restricted areas is 10,000 yuan/set, the subsidy for non-Hongqi brand vehicles in restricted areas is 13,000 yuan/set, the subsidy for Hongqi brand vehicles is 50,000 yuan/set, and the subsidy for FAW passenger car brands is 30,000 yuan/set, and even some brand vehicles have replacement subsidies as high as 20,000-50,000 yuan.
Editor’s comment:
The opening year of China automobile market in 2024 was the news of successive price reductions by major brands, and now the Detailed Rules jointly issued by seven ministries and commissions further stimulated the market. However, as of the time of publication of this article, we have not received any news that other brands have entered a new round of subsidies, which shows that Hongqi Automobile has responded quickly to the policy. At the same time, the maximum subsidy of 50,000 yuan for all models can also be said to be rare in the industry. As the first luxury brand in its own brand, the market and consumers have a very high recognition of Hongqi, and this subsidy policy for Hongqi covers its best-selling models, which is an opportunity for consumers not to be missed. At the same time, we also look forward to the follow-up actions of other brands. After all, the promulgation of the Detailed Rules is good news for consumers and manufacturers.