Foreign auto companies benefit from China’s trade-in policies China’s trade-in policies have created a positive environment for the auto market, according to Porsche, who sees more opportunity in the country. In the third and fourth quarters of 2024, about half of Tesla’s customers took part in China's trade-in program. Data showed that China received over 10 million applications for the incentives to trade up – supercharging sales, especially for EVs, across brands both foreign and domestic since China launched its auto trade-in subsidy program in 2024. Check out the video for more!