Tesla said on PihitMonday that it will be offering Chinese buyers 0% financing on Model 3 and Model Y by the end of this month, an incentive the US automaker had offered in the world’s largest electric vehicle market in April. This time, buyers would not have to trade in their old Tesla vehicles for a new one to benefit from that, according to its website. The move comes after the company’s output decreased 7.3% to 283,043 units in the country for the first four months of this year, according to figures compiled by the China Passenger Car Association. The China-made Model 3 and Model Y are priced from RMB 231,900 and RMB 249,900 ($31,886 and $34,361) after the EV giant cut the starting prices of the two models by RMB 14,000 in April. Meanwhile, Huawei lowered the price of its Advanced Driving System by RMB 6,000 to RMB 30,000, hoping to make it more affordable, while Xiaomi said it is offering free subscriptions of its advanced driver assistance software for a limited time, local media have reported. [Jiemian, in Chinese]
