Promotions
BYD offers discounts on 3 models after launching smart driving updates
BYD is offering discounts on three models, in a move that appears to be aimed at clearing inventory of older models after launching Smart Driving Edition updates.
Li Auto ramps up promotions after revealing upgraded models coming in May
Li Auto began offering final payment reductions and 3-year 0-interest financing on L-series models, allowing buyers to save up to RMB 38,000 ($5,210).
IM Motors offers limited-time $4,130 discount on L6 electric sedan
The discount, available this month, reduces the starting price of the IM L6 by 13.64 percent to RMB 189,900.
IM Motors offers 0-interest financing, cash discount incentives
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.
Tesla offers $1,110 discount on some Model Y stock cars in China
In addition to offering cash discounts on select Model Y stock vehicles, Tesla is also allowing customers to get paid paint for RMB 2,000 that would otherwise sell for RMB 8,000 or RMB 12,000.
Chery's Exeed brand rolls out new variant for Sterra ES, lowers starting price by $3,770
The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China's EV market.
Li Auto offers limited-time financial incentives to boost sales
Li Auto is offering preferential loan rates to customers who buy its models before the end of the year, a rare public promotional move by the company in the past few years.