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at the leapmotor intelligent manufacturing base in the new energy vehicle town of jinhua city, zhejiang province, the assembly line in the workshop is busy. there are more than 1,500 related enterprises in jinhua, covering the upstream, midstream and downstream of the new energy vehicle industry chain. since the beginning of this year, jinhua has accelerated the large-scale equipment renewal in the transportation field. as of the end of july, the completion rate of the city's new renewal of new energy buses, taxis, and heavy trucks ranked among the top in zhejiang province, driving an investment of about 850 million yuan in the new energy vehicle industry.

zhejiang provincial party committee and the provincial government attach great importance to the "two new" work of large-scale equipment renewal and replacement of old consumer goods with new ones. the whole province is planning to take the lead and act quickly. in accordance with the deployment requirements, the zhejiang provincial department of transportation has concentrated its efforts and taken quick action. it was the first in the country to issue an action plan and made every effort to implement it. it has formed good experiences and practices such as hangzhou's new energy heavy truck leasing model, huzhou's "credit interest subsidy" model, shaoxing's use of "carbon efficiency code" to guide the elimination of operating trucks that meet the national iv emission standards, and lishui's new energy bus financing leasing model. according to the plan, by 2027, the scale of equipment investment in the transportation sector in zhejiang province is expected to reach 58 billion yuan.

on august 21, at the zhejiang province transportation equipment renewal and industry docking conference, lishui qingtian county transportation development investment co., ltd. and zhejiang fuzhe financial leasing co., ltd. signed the province's first new energy bus and equipment and facility upgrade and transformation pilot project, further promoting the integrated urban and rural bus reform in qingtian county.

"many bus companies are currently facing financial difficulties. the financial leasing model we launched has alleviated the financial pressure on companies," said a relevant person in charge of the lishui municipal transportation bureau.

it is understood that 18 cooperation agreements and key orders were signed at the matchmaking meeting, which is expected to drive more than 6 billion yuan of new investment in zhejiang's transportation sector in the second half of the year, and the total investment for the whole year will reach more than 15 billion yuan. since the beginning of this year, zhejiang province has held more than 40 "new" work enterprise symposiums, policy matchmaking meetings, and bank-enterprise matchmaking meetings.

as one of the earliest provinces to carry out large-scale equipment renewal, zhejiang province has established a multi-channel financial funding guarantee mechanism, extending the existing provincial subsidy funds for transportation carbon peak from 2025 to 2027, allocating 100 million yuan each year, with a focus on supporting the elimination of operating diesel trucks that meet the national iv emission standards, the conversion of heavy-duty operating trucks to new energy, and the construction of inland container ships.

in addition, zhejiang has allocated special funds for transportation development to support the configuration and update of highway emergency rescue equipment; it has allocated incremental fiscal funds at the provincial level to ensure the central government's support for the "two new" policies. under the guidance and drive of the ministry and provincial funds, zhejiang province has leveraged 670 million yuan of supporting funds from cities and counties in the first half of the year, driving 9.55 billion yuan of market investment in equipment update in the transportation sector.

in order to implement the implementation details of subsidies for new energy city buses and power battery renewal, and the scrapping and renewal of old operating trucks, the zhejiang provincial department of transportation has successively issued the "zhejiang province new energy city bus and power battery renewal subsidy application operation guide" and the "zhejiang province old operating truck scrapping and renewal subsidy application operation guide". the next step will be to continue to do a good job in the policy acceptance of the central government's increased financial support for the "two new" work, and adopt daily tracking, weekly scheduling, and monthly adjustment methods to urge all cities to speed up the implementation of large-scale transportation equipment renewal projects and the progress of funding payments.

the zhejiang provincial department of transportation has established a regular model for equipment renewal and industry docking meetings, and continued to promote large-scale renewal of equipment in the transportation field. relying on platforms such as the zhejiang transportation industry expo, it has brought together resources from multiple parties including the demand side, supply side, financial side, and scientific research side to build a large platform for policy integration, supply and demand docking, scenario application, and order landing. it provides precise services for key enterprises on a "one enterprise, one policy" basis, promotes the landing of more orders, and drives industrial development by promoting service improvements through equipment renewal.

in the next step, zhejiang transportation will promptly carry out an evaluation of the implementation effect of large-scale equipment renewal in transportation, further clarify the direction and goals of equipment renewal in the province's transportation sector, rationally formulate and dynamically adjust the tasks of various cities and municipalities; further improve the support and guarantee system in various aspects such as technology, funding, and policies, especially increase the application of financial tools such as re-lending, and ensure the implementation of large-scale equipment renewal in the transportation sector.