Gelonghui September 3rd | A-share market, electric bicycle concept stocks rose in the afternoon, among them, Shanghai Phoenix surged limit up, Jiuqi shares, Jiangsu Xinri E-Vehicle, Aima Technology, shenzhen china bicycle and other fast catch-up. On the news side, the "Implementation Plan of Shanghai Municipality on Further Increasing the Intensity of Promoting the Replacement of Old Consumer Goods with New Ones" was released. It proposed to promote the replacement of old electric bicycles with new ones. For individual consumers who trade in and scrap their own electric bicycles (including batteries) registered in this city, and purchase a new electric bicycle with a national mandatory product certification certificate, the city will provide a one-time 500 yuan subsidy for individual consumers to purchase a new vehicle.