Tesla Unveils New Time-Limited Car Policy in China

As of April 30, Tesla has introduced a new time-limited car policy in China, offering attractive financing options for customers. The company is launching the all-new Model Y alongside these new policies.

Key highlights of the new policies include:

• The new Model Y will be available with a 3-year 0% interest rate and a 5-year low-interest rate financing plan, with monthly installments starting from around CNY 3809
• The Model 3 rear-wheel drive version and long-range all-wheel drive version are now offering a 5-year 0% interest rate policy, with monthly installments starting from around CNY 2594

Previously, when the new Model Y was launched, it did not include an interest-free financing plan. Only the older Model Y was offered a 5-year 0% interest rate and a 1,000 yuan tailwind discount. Later on, a rear-wheel drive version of the new Model Y introduced a 3-year 0% interest rate and a 5-year low-interest rate financing scheme. This time, the long-range version has also joined the list with a 3-year 0% interest rate and a 5-year low-interest rate financing plan.

The prices for the long-range version start at CNY 31.35 million. The customers can choose to pay the first deposit of CNY 4.59 million plus the 5-year low-interest rate scheme, with monthly installments around CNY 4683.

In regards to the rear-wheel drive Model Y version, users who select the 3-year 0% interest rate plan will have a down payment starting from CNY 7.99 million, monthly installments of CNY 5100; those choosing the 5-year low-interest rate plan can start with a down payment of CNY 4.59 million and monthly installments of CNY 3809.