Tesla has introduced a five-year, zero-interest financing program for the Model Y in China, starting at 263,500 yuan for the RWD variant. This initiative, effective until June 30, allows buyers to start monthly payments at 3,060 yuan after a down payment of 79,900 yuan. The launch coincides with a rise in sales, as Tesla reported 74,127 domestic deliveries in March, with nearly 50% being Model Y units, reflecting the company’s competitive strategy amid a crowded EV market.
The new financing deal, which allows buyers to pay monthly installments starting at 3,060 yuan, targets the competitive electric vehicle market in China.
Tesla's recent sales performance and financing options underscore the company's strategy of leveraging incentives to boost Model Y and maintain its lead in China.
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