Reported 3 days ago
Chinese electric vehicle manufacturers, including Nio and Li Auto, are extending buying incentives into 2025 to maintain competitiveness in an ongoing price war that began two years ago. Li Auto is offering 15,000 yuan subsidies and zero-interest financing, while Nio has announced similar financing plans. The incentives aim to boost sales before new government subsidy policies are implemented, as overall EV sales have dipped despite subsidization efforts. Local authorities are also continuing financial support initiatives to stimulate the market.
Source: YAHOO