NIO (NIO) and Li Auto (LI) are extending discounts on Chinese electric vehicles to compete with deals offered by rivals Tesla (TSLA) and BYD, Reuters reported Thursday, citing company statements.
Li Auto is offering cash subsidies of 15,000 yuan ($2,055) per car and three-year zero-interest financing, the report said.
NIO is also offering zero-interest loans for Nio- and Onvo-branded EVs, the report said.
Tesla, which sparked what Reuters described as a price war in the Chinese market, reportedly extended a 10,000 yuan price cut on outstanding loans for its Model Y until the end of January.
Sales and discounts pushed China EV and hybrid sales past 10 million last year.
NIO and Li Auto did not immediately reply to MT Newswires' requests for comment.
NiO shares were up more than 1% in Thursday's premarket activity.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。