Tesla Rolls Out Interest-Free Loan for Model Y to Lift Sales in China
- THE CHINA NOW
- 3 days ago
- 2 min read
Summary
Tesla has introduced a three-year interest-free loan offer for its refreshed Model Y in China to boost sales.
The company has cut the delivery time for the long-range Model Y variant to three to five weeks, signaling increased production at its Shanghai Gigafactory.
Tesla’s efforts come amid a slow start to 2025 in the Chinese market, with increased competition from local EV manufacturers.
In an effort to reignite sales of its Model Y in China, Tesla has rolled out a three-year interest-free loan offer, a move aimed at boosting sales in the world’s largest electric vehicle (EV) market. This initiative follows a sluggish start to the year, with Tesla striving to maintain its market share amidst intensifying competition from local EV manufacturers.