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Netcom News Express On August 26, Tesla China's official website showed that the expiration date of the limited-time "5-year 0 interest" policy for some Model 3 and Model Y models has been extended from August 31 this year to September 30. This policy only covers the rear-wheel drive version or the long-range all-wheel drive version, and does not include the high-performance version.

Currently, the 1-5 years 0% interest and low-interest preferential car purchase policy for the Model 3/Y standard range version is launched, with daily payments as low as 85 yuan; the 1-5 years 0% interest and low-interest preferential car purchase policy for the Model 3/Y long-range all-wheel drive version is launched, with daily payments as low as 107 yuan. In addition, Tesla's limited-time low-interest annual fee rate has been reduced to 0.5% (equivalent to an annualized interest rate of only 0.93%).

Faced with the fierce competition in the domestic new energy vehicle market, Tesla has to continue to offer large preferential policies to attract more consumers. The interest-free policy significantly reduces the financial pressure on car buyers, making it easier for consumers who might have hesitated due to loan interest to make car purchase decisions. This financial flexibility is an important consideration for many families and helps to increase the appeal of Tesla models.

Tesla's move may also put pressure on other electric car manufacturers, forcing them to improve their financial services to compete with Tesla. This competitive situation will help promote the development of the entire electric car market, but the price war may only be superficial.

Although the interest-free policy has been temporarily extended to September 30, Tesla may continue to adjust its car purchase financing policy in the future according to market changes. As the electric vehicle market continues to develop, Tesla may continue to innovate its car purchase financing policy to adapt to changes in market demand.

(Photo/Text: Zou Yuyuan, Netcom)