WUHAN has rolled out consumer subsidies to support local auto and home appliance companies as the city tries to revive its economy after months of heavy lockdowns.

Wuhan authorities will offer 10,000 yuan (US$1,415) subsidies to residents who buy locally made electric vehicles, according to a text message sent by city government to citizens Saturday. A gasoline-fuelled car would attract a subsidy of up to 5,000 yuan.

Customers who purchase Wuhan-made air conditioners, water heaters or refrigerators will also receive subsidies. The subsidies are valid until the end of this year, the message said.

Wuhan produced 1.5 million vehicles last year and the city is also home to plants owned by Dongfeng Motor Group’s joint ventures with Honda Motor and Peugeot SA, and General Motors’ tie-up with SAIC Motor.

The city of 11 million underwent a 76-day lockdown and suffered a 40.5 percent slump in first quarter gross domestic product from a year earlier.

(SD-Agencies)