Guangzhou adds an additional 300 million yuan in subsidies for new car purchases, with over 60,000 spots available.

In order to better meet the car purchasing needs of a wide range of consumers, in conjunction with the "Guangdong Excellent Shopping" Guangzhou's second round of promoting automobile consumption implementation details, as well as the overall arrangement of provincial and municipal funds budget, after research, an additional 300 million yuan will be added to the activity funds, of which 1.5 billion yuan will be allocated for each of the subsidy standards of 4000 yuan and 5000 yuan. This activity funds will strictly adhere to the principles of "total control, first come first served, and end when used up". The funds allocated for each subsidy standard will not be shared, and once the application funds reach the allocated amount for the activity, the system will automatically stop accepting applications.