The two departments jointly issued the "Notice on Adjusting Relevant Policies on Auto Loans" The maximum loan issuance ratio for self-use traditional power vehicles and self- use new energy vehicles is determined independently by financial institutions. Financial institutions are encouraged to strengthen innovation in financial products and services based on segmented scenarios such as car trade-in.
The principles of prudence and risk control shall be implemented with reference to the "Catalogue of Recommended Models for the Promotion and Application of New Energy Vehicles" issued by the Ministry of Industry and Information Technology.