Customers who buy an EV from IM Motors before the Chinese New Year can enjoy 0-interest financing for five years and a RMB 5,000 ($680) cash discount.
IM Motors, the electric vehicle (EV) arm of SAIC Motor Corp, is offering incentives that include favorable financing options, cash discounts, becoming the latest EV maker to do so.
Customers who buy a vehicle between January 1 and January 28 can take advantage of a five-year, 0 percent interest financing program, it announced yesterday.
Customers who get delivery before the Chinese New Year can also enjoy a RMB 5,000 ($680) reduction on their final payment, it said.
The upcoming Chinese New Year holiday is from January 28 to February 4, 2025.
Customers who pay a RMB 5,000 deposit now can receive an additional discount of up to RMB 20,000, IM Motors said.
IM Motors' total sales in 2024 were 65,505 units, up 71 percent year-on-year, according to data it released yesterday, without mentioning December's figures.
The EV maker did not release sales figures for several months last year. Its monthly sales for September through November were 4,516, 10,001, and 10,007, according to previously announced figures.
($1 = RMB 7.2995)
