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Tesla offers loans in China as it looks to widen pool of buyers amid keen demand for electric cars

November 3, 2021
Source: scmp.com scmp.com
News Snapshot:
Tesla has started offering car financing services in China to further bolster its sales in the world’s largest electric vehicle (EV) market. The carmaker’s financial products, including some that require zero down payment, are aimed at making its Shanghai-made Model 3 and Model Y vehicles more affordable to Chinese consumers amid an accelerated pace of electrification on the roads. Buyers who opt for a 276,000 yuan (US$43,150) standard range Model Y on a zero down payment plan need to pay a monthly instalment of 5,520 yuan over five years. They will end up paying 331,200 yuan in total over five...
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Tags: auto | banking | Beijing | Business | BYD | car | cash | China | Chinese | currency | data | electric vehicle | EV | finance | financial | financing | Guangdong | Guangzhou | Renminbi | Shanghai | social media | Tesla | Weibo | Xpeng | Yuan

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