# auto financing
Latest news and articles about auto financing
Total: 2 articles found
Price War Fades, Financing Mayhem Begins: How China’s Carmakers Are Competing with 7‑Year Loans
China’s auto makers have shifted from price cuts to long‑tenor, low‑interest financing as regulators clamp down on direct price wars and fiscal policy subsidises consumer loans. The tactic reduces monthly payments and attracts young buyers, but it also locks consumers into long contracts on rapidly depreciating electric vehicles and concentrates advantages with well‑capitalised firms.
Lei Jun Rolls Out 7‑Year Low‑Interest Plan for Xiaomi’s YU7 as He Pushes Back on Negative Headlines
Lei Jun used a livestream to announce a seven‑year low‑interest financing option for Xiaomi’s YU7, enabling down payments under RMB 50,000, and urged against negative media coverage after a spate of critical stories about Xiaomi’s cars. The move aims to lower purchase barriers and counter second‑hand market narratives but carries margin and financing risks for the company as it scales in the competitive Chinese EV market.