China EVS competes without 5 years of interest-free loans

In China, electric car companies welcomed the year with an incentive for consumers, and the highways reported a drop in supply in supply.

In China’s consumption indicators, softness increased concerns to sell cars collected cars, Liz Lee, LIZ Lee, Director of Associate Professor in opposite director. “So, on Chinese New Year’s holidays … just (this) aggressive promotions have begun. Let’s see how it will continue.”

Aysal New Year’s holiday from January 28 to 4 to 4 February, in the age of Canada, Agrarian Chinese Zodiac sign year. In January, Beijing said that 81 billion yuan ($ 11.12 billion) To support the consumption of electric carsSmartphones and home appliances during the extended holiday period.

On Wednesday, the post-vacation official working day, Tesla Announced an announcement 8000 yuan Five-year 0% interest financing plan for insurance subsidy and cheapest cars, model 3. This month reduces the total price of the main version for low-paid customers and takes about $ 1,100 and participates in the 0% financing plan. Customers who make a lower payment will be interested.

Tesla was declared in January The same five-year interest-free plan for the new model For China, start starting supplies in March. The US car has been selling in China Last year hit a recordBut he warned competitive pressure.

Chinese start Xpeng Wednesday Downtown from Payment It was noted that the five-year interest-free financing agreement for the four models was highlighted in Hashtag, which was the only car manufacturer to offer a fee from scratch with 0% percent. XPeng had already paid back from cars, G6 SUVs during the december sales contract.

Nio Announced on February 1 Five-year, 0% interest plan 13,863 units in January for the month after the sale of total cars, fell from 31,138 to the previous month.

This new presentation is one step from the credit plan of the three years 0% interest rate launched by the company in January. Opponent Lion In November, he also announced A three-year 0% interest plan.

The latest incentives are “significant” and “prices are reduced without reducing (),” Partner and Management Director, Partner and Management Director, along with large China’s consulting, Dyrichpartners, as well as the company Asia, as well as the company leads industry practice.

Unlike consumers in North America, those in China preferred to wait for further discounts, they have tended to do not affect the cutting of the car price.

Some seasonal pressure, several large Chinese electric car companies, in December, said that there is a sharp decline in local supply. Even the biggest player, BydIn December, I saw a decrease in the sale of passenger vehicles from 509,440 cars to 296,446. Analysts are usually Predict the growth of the industry more slowly After the rapid expansion of the last few years.

“Now there is a little shake starting,” he said. “I would not be surprised to see more concussion as volumes continue to be under pressure.”

Slowly Hard competition in the world’s largest auto marketWhat are the prices of local players and the traditional Foreign brands fought adapt to the country’s fast slippery in the direction of new energy transport. Category covering battery and hybrid cars, now consider More than half of new cars sold in China.

The share of new energy vehicles in the passenger car market, according to counter-point forecasts, this year will increase from about 50% of this year to 86%.

Lee, soon waiting for more international brands that will launch their incentives for Chinese car buyers. However, he is waiting for the promotions that will last for a total or two months and the last survivors will be local brands.

Twenty new energy vehicles stopped operations in China, entered 13 markets last year, resulting in the net descent of the seven brands, which ended the majority of new entrants, he said. “US cars are likely to worry about.”

The challenge is not only in China.

Ford Motor won $ 600 million in China Last year and Wednesday, the regional leader also said he would lead the international markets group. CEO Jim Farley said in a statement This global success “China requires successfully to use our exports and successfully measuring Chinese cars in these markets.”