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CN Auto Platform DCar Overtakes RMB11B+ Auto Subsidy Applications in 1H25
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ByteDance's auto content platform, DCar, released data saying that, in 1H25, it undertook various auto subsidy applications totaling approx. RMB11 billion, with over 960,000 applications, driving new car consumption to nearly RMB150 billion.

As the designated application platform for China's car trade-in subsidy, DCar's auto subsidy application services have covered 14 provinces in 1H25, with policy inquiry services covering 31 provinces.

Related NewsInflation Rate MoM for June in China is -0.1%, higher than the previous value of -0.2%. The forecast was 0%.

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