Li Auto announced today a limited-time 0% interest financing policy from November 29 to December 31, 2024, eligible on the purchase of any vehicle.
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Buyers that complete delivery and pick up by year-end will be able to take advantage of this financing promotion.
Source: Li Auto
The interest-free financing requires a minimum down payment of 159,800 CNY for all MEGA models, 129,800 CNY for the L9, 99,800 CNY for the L8/L7 and 69,800 CNY for the L6.
This new interest-free policy can be seen as an answer to Tesla China’s latest price discount on November 25 of 10,000 CNY to the Model Y, setting the starting price at 239,900 CNY, the lowest since the vehicle was launched in China.
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Tesla also offers a 5-year interest-free financing plan, which combined with the new pricing discount on the Model Y, can effectively save consumers about 40,000 CNY in purchasing costs.
On October 14, Li Auto rolled off its 1 millionth vehicle from the production line at its manufacturing plant in Changzhou, becoming the first new emerging NEV brand to achieve the feat.
Li Auto rolled off its first vehicle, the Li Auto One in November 2019 and has exceeded one million vehicles in just 58 months.
Source: Li Auto
More recently, Li Auto released weekly deliveries ranking from November 18-24, showing that it continues to dominate emerging brands with c. 11,600 units sold.
Ranking second and third with 9,100 and 7,500 units are Leapmotor and AITO, respectively. Both brands also predominantly offer extended-range electric vehicles.