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Tesla China extends five-year zero-interest loan program until Oct 31

Teslarati

Tesla China has extended its five-year, zero-interest financing program for selected Model 3 and Model Y variants until the end of October 2024. The extension of the five-year, zero-interest financing plan was posted on the order pages of the Giga Shanghai-made Model 3 sedan and Model Y crossover.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

Emerging markets and developing countries are central to the “decarb” and electrification push, and are themselves maneuvering to attain advanced country status and a higher quality of life for their citizens. This surge occurred mostly in China, driven by steel manufacturing.

China 416
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Tesla China launches new incentives on Model 3 and Y for March

Teslarati

Tesla China has launched a series of new incentives on the Model 3 and Model Y for March, including discounts on paint, low-interest financing, and limited-time insurance programs. However, China is also a super competitive region for electric vehicles, and several domestic companies have worked extremely hard to dethrone Tesla.

China 123
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Tesla China announces 0% down ‘Financial Leasing’ with buy-out options

Teslarati

Tesla China has announced a new “Financial Leasing” plan for more affordability as it offers the option of 0% down to purchase a vehicle, as well as several other financing options. Widespread EV adoption is already occurring in China, and Tesla is among the most popular manufacturers in the market.

China 145
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XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

Green Car Congress

Chinese EV contender XPeng announced that its wholly owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., Early in August, Xpeng reported closing a US$900-million C+ financing round. entered into a cooperation agreement with Guangzhou GET Investment Holdings Co.,

Financing 170
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China will cut electric vehicle subsidies by end of 2022

Teslarati

China announced that it would eliminate subsidies that encourage consumers to purchase electric vehicles by the end of 2022. The subsidy cuts will only apply to new energy vehicles (NEVs), which China defines as any plug-in electric vehicle that qualifies for public subsidies.

China 145
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Bosch and Mitsubishi team up with Blue Park Smart Energy to develop business models for battery swapping; pilot in China

Green Car Congress

The main idea here is that fleet operators will no longer have to purchase the batteries; they will simply pay to use them. A pilot project in China is now working on business models for efficient battery swaps. In the pilot project in China, Mitsubishi Corporation as commercialization partner and Bosch are working with BPSE.