The Ministry of Finance and Ministry of Commerce had published "New Household Appliances Eligible for Subsidy in Rural Areas". Within this directive, a popular product, the electric bike, is to become the tenth home appliance product to be included in the subsidised purchase list under this policy.

According to the "Provinces' List of New Eligible Subsidized Household Appliances" published by the two Ministries, electric bikes has been added under the scheme in ten provinces namely Shaanxi, Shanxi, Shandong, Anhui, Jiangxi, Yunnan, Hebei, Jiangsu, Henan and Hubei. That means the electric bike is set to become the tenth home appliance to be categorised as a subsidised product under the policy to promote sales of household appliances in rural areas which currently includes TVs, washing machines, refrigerators (freezer), handsets, air-conditioners, computers, gas-operated hot-water heaters, microwave ovens and induction cookers.

The Ministry of Finance has confirmed that the subsidy limit for electric bikes is RMB260.

As the largest supplier of batteries for electric vehicles in China, Tianneng is to strive to capture the opportunities presented by this change of policy. Mr. Zhang Tianren, Chairman of Tianneng Power, said earlier that after the inclusion of electric vehicles within the list of subsidised household appliance in rural areas takes effect, the Company will continue to enlarge its market share by expanding production capacity and enhancing its technologies.