China’s EV managers did not pay for payments, 5 years of interest

In China Electric car companies welcome the year with a number of consumers after consumers, after important automoters, after reporting the fall in submissions at the beginning of the year.

Softness in Chinese consumer indicators may concern that cars cannot sell their car inventory, he said Liz Lee associated directors in counterpoint research. “Around the Chinese New Year’s Holiday … aggressive promotions began (these) Let’s see how it will last.”

The New Year’s holiday holiday went to the Chinese continents this year, in Chinese Snake Zodiac. In January, Beijing has already been given 81 million yuan yuan ($ 11.12 million) Electric car consumptionSmartphones and appliances over an extended holiday.

Wednesday, post-holiday work day, Tesla announced on an 8,000 Yuan Insurance grant and 0% annual interest funding plan for its cheapest car, 3. Model. The price of the basic version is reduced by almost $ 1,100 a price, around $ 11,000 per month for customers who pay 34%. 0% Financing Plan. Customers who make a lower payment will be of interest.

In January he announced Tesla The same five-year interest plan For China, start send to March. US car sales in China said Hit a disk last yearBut he warned Competitive pressure.

Chinese home Xpp Wednesday declined down payment Completely, for four models to deal with uninteresting funding for five years, it was the only automobile that would offer zero-down payment with 0% social media. Xpeng has already refused to renounce it in a G6 SUV, on the December sales deal.

Io On February 1 Five years, 0% interest plan Total cars total shipped 13,863 units fell in January, 31,138 in the previous month.

This new promotion is the step of 0% of the 0% interest rate plan that companies launched in January. Challenger Li car He also announced in November 0% of the three-year interest plan.

The latest incentives are “significant”, “Price falls”, “Stephen Dyer said, Member and CEO of China Greater Alixpartners. Dyer also carries out Asian Automotive and Industry Practice.

As noted by consumers in North America, those in China do not return car prices not returning, trying to wait no more discount without preferring.

Among a seasonal pressure, several major Chinese car electric companies reported a sharp decline in domestic submissions in December. Even the biggest player, BulkIt was a drop in sales of passenger vehicles in January 296,446 in December 509,440 cars. Analysts in general Forecast a slower growth in the industry After quick expansion in recent years.

“Shakeout is a little now,” Dyer said. “I wouldn’t be surprised to see more shakeouts this year as they remain under pressure under volumes.”

Slowing The competition is harder in the world’s largest car marketWhen local players have reduced prices and traditional Foreign Marks have been fighting To adapt a quick change in the country for new energy vehicles. Category, batteries and categories that contain fed cars, are now accountable More than half of the new passenger cars sold in China.

China’s passenger car market is likely to share new energy from 50% to 86% to 86% in terms of counterpoint projections.

Lee expects more international brands soon boot incentives for Chinese car buyers. However, it plans promotions that will generally take two months and those who are the last survivors will be local marks.

Twenty new brands of energy vehicles stopped last year, and was included in the market, and the decline of the seven branded, Dyer said, also the majority of the new entries, the origin of the Chinese origin. Hope the US cars are surely concerned. “

The challenge is not inside China.

Ford engine won $ 600 million in China Last year, and he announced his regional head on Wednesday that he would also direct the international market team. Jim CEO Farley said in a statement This global success “must take advantage of our Chinese export businesses and compete successfully against Chinese cars that are scaling in these markets.”

Correction: This story has been updated to clarify that Nio figure reflects the cars.