Beijing’s municipal government, in its 15th Five-Year plan to deepen construction of an international consumption hub, commits to stepping up new-energy vehicle promotion. The plan calls for improving the used-car circulation system to facilitate convenient transactions and push trading markets toward standardization and scale. It seeks to optimize repair, insurance and related service supply, and to orderly develop aftermarket segments including vehicle modification, rental, motorsport events a

Beijing’s municipal government, in its 15th Five-Year plan to deepen construction of an international consumption hub, commits to stepping up new-energy vehicle promotion. The plan calls for improving the used-car circulation system to facilitate convenient transactions and push trading markets toward standardization and scale. It seeks to optimize repair, insurance and related service supply, and to orderly develop aftermarket segments including vehicle modification, rental, motorsport events and RV/camping. The government will accelerate pilot reforms in vehicle circulation and consumption to cultivate new auto-consumption growth points.