On March 30, the Beijing Municipal Government issued the Beijing Municipal Plan for Further Promoting the Elimination and Updating of High Emission Old Vehicles (2020-2021) (hereinafter referred to as the "Plan"), which grants government subsidies to the owners of old vehicles with three emissions that are scrapped and transferred abroad. As a key automobile enterprise in Beijing, Baowo Auto actively responded to the Program, and immediately launched a special replacement incentive and special financial subsidy program for users to choose, with a discount of up to 30000 yuan, and provided one-stop services such as scrapping transfer out, government enterprise subsidy application, new car licensing and tax payment.