China launches new electric bike trade-in program with subsidies, targeting safety and recycling.

China has introduced new policies for its 2025 electric bicycle trade-in program. Individuals trading in old electric bicycles for eligible new models will receive subsidies, with old bikes recycled and dismantled to phase out unsafe models. The program will also offer increased subsidies for trading in lithium battery bikes for safer lead-acid battery models. Last year, over 1.38 million electric bicycles were traded, with subsidies totaling over 600 million yuan.