Li Auto launches 3-year 0-interest financing incentive for all models

CnEVPost2024-11-29

Li Auto is the first local automaker to respond to Tesla's limited-time discount introduced for the Model Y on November 25. Li Auto (NASDAQ: LI) has launched a 3-year 0 percent interest financing ...

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HRHRHRHR
2024-11-29
HRHRHRHR
Great news. Hope it will stimulate sales

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href=https://cnevpost.com/2024/11/29/li-auto-3-year-0-interest-financing-incentive/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Li Auto is the first local automaker to respond to Tesla's limited-time discount introduced for the Model Y on November 25.\n\nLi Auto (NASDAQ: LI) has launched a 3-year 0 percent interest financing ...</p>\n\n<a href=\"https://cnevpost.com/2024/11/29/li-auto-3-year-0-interest-financing-incentive/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0056508442.USD","symbol_name":"贝莱德世界科技基金A2","start_time":0,"source_url":"https://cnevpost.com/2024/11/29/li-auto-3-year-0-interest-financing-incentive/","article_id":"2487370501","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487370501","pubTimestamp":1732848035,"columns":[],"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"Li Auto is the first local automaker to respond to Tesla's limited-time discount introduced for the Model Y on November 25.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc 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US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD"},"translate_title":"理想汽车推出全系车型3年0息融资激励","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEV":1,"LI":1,"TSLL":0.65,"TSLA":0.6,"EVS.SI":0.6},"content_text":"Li Auto is the first local automaker to respond to Tesla's limited-time discount introduced for the Model Y on November 25.\n\nLi Auto (NASDAQ: LI) has launched a 3-year 0 percent interest financing incentive for car purchases, after Tesla (NASDAQ: TSLA) began offering a limited-time discount on the Model Y earlier this month.\nCustomers who purchase and complete delivery of any of Li Auto's models on or before December 31 can take advantage of the incentive, the Chinese new energy-vehicle (NEV) maker announced today.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\n\nLi Auto's current model range includes the L-series extended-range electric vehicle (EREV) models -- Li L6, Li L7, Li L8, Li L9 -- and the all-electric Li Mega MPV (multi-purpose vehicle).\nBuyers can make a minimum down payment of RMB 69,800 ($9,650) to drive home a Li Auto vehicle before the end of the year, the company wrote on Weibo.\nA table shared by Li Auto shows that consumers can save between RMB 15,700 and RMB 27,700 in interest payments under the latest financing program.\nIf a consumer wants to finance a car purchase for five years, the annualized interest rate would be about 1.92 percent, according to the Li Auto poster.\nLi Auto's 3-year 0-interest financing incentive\n\n\n\n\nModelStarting price (RMB)Minimum down paymentInterest saving\n\n\n\n\nLi L6 Pro249,800 69,800 13,500 \n\n\nLi L6 Max279,800 69,800 15,700 \n\n\nLi L7 Pro301,800 99,800 15,100 \n\n\nLi L7 Max329,800 99,800 17,200 \n\n\nLi L7 Uttra359,800 99,800 19,500 \n\n\nLi L8 Pro321,800 99,800 16,600 \n\n\nLi L8 Max349,800 99,800 18,700 \n\n\nLi L8 Ultra379,800 99,800 21,000 \n\n\nLi L9 Pro409,800 129,800 21,000 \n\n\nLi L9 Ultra439,800 129,800 23,200 \n\n\nLi Mega Utra 529,800 159,800 27,700 \n\n\n\n\n\nLi Auto is the first local automaker to launch a response to Tesla's November 25 announcement of a time-limited RMB 10,000 discount in China for the Model Y's two lower-priced variants.\nThe Model Y is available in China in an entry-level rear-wheel-drive version, a long-range all-wheel-drive version, and an all-wheel-drive Performance option, with starting prices of RMB 249,900, RMB 290,900, and RMB 354,900, respectively.\nTesla's limited-time discount applies to the rear-wheel-drive and long-range all-wheel-drive versions of the Model Y, with the highest-priced all-wheel-drive Performance version excluded.\nThe US EV maker at the time also further extended the five-year, 0 percent interest financing incentive that applies to all variants of the Model 3 and Model Y to December 31.\nTesla launched the 5-year 0-interest financing incentive in China on April 3, marking the first time it has offered the program in the country.\nLi Auto's move reflects the impact of Tesla's pricing strategy on China's intensely competitive EV market.\nThe Chinese automaker delivered 51,443 vehicles in October, up 27.26 percent from a year earlier but down 4.22 percent from September.\nLi Auto on October 31 guided for fourth-quarter deliveries of between 160,000 and 170,000 vehicles, meaning a year-on-year increase of 21.4 percent to 29.0 percent, slightly higher than the 152,831 vehicles it delivered in the third quarter.\nThe guidance implies that Li Auto's monthly deliveries for the last two months of the year are likely to be at just over 50,000 units.\nLi Auto's full-year 2024 deliveries will be in the range of 501,812 to 511,812 vehicles, according to the guidance.\nLi Auto sees cheapest model Li L6 cross 150,000 deliveries\n\n\n\n\n\nFollow us by email: \n\n\n\n\n\n    Get Newsletter\n  \n\n\n\n\n\n($1 = RMB 7.2352)\n\nRelated posts on CnEVPost\n\n\n\n\n \n\n\nLi Auto sees cheapest model Li L6 cross 150,000 deliveries\n\n\n\n\n\n \n\n\nLi Auto delivers 51,443 cars in Oct, down 4.22% from Sept\n\n\n\n\n\n \n\n\nLi Auto reaches 1,000 supercharging stations but will face challenges in meeting year-end target\n\n\n\n\n\n \n\n\nLi Auto beats Q3 revenue and net income estimates, but Q4 guidance appears to disappoint\n\n\n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":376215235424344,"gmtCreate":1732869151893,"gmtModify":1732869155735,"author":{"id":"4125545119825582","authorId":"4125545119825582","name":"HRHRHRHR","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":6,"crmLevelSwitch":1,"idStr":"4125545119825582","authorIdStr":"4125545119825582"},"htmlText":"Great news. Hope it will stimulate sales","listText":"Great news. Hope it will stimulate sales","text":"Great news. Hope it will stimulate sales","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376215235424344","repostId":2487370501,"repostType":2,"repost":{"id":"2487370501","kind":"highlight","pubTimestamp":1732848035,"share":"https://ttm.financial/m/news/2487370501?lang=&edition=fundamental","pubTime":"2024-11-29 10:40","market":"us","language":"en","title":"Li Auto launches 3-year 0-interest financing incentive for all models","url":"https://stock-news.laohu8.com/highlight/detail?id=2487370501","media":"CnEVPost","summary":"Li Auto is the first local automaker to respond to Tesla's limited-time discount introduced for the Model Y on November 25.","content":"<div class=\"post-content\">\n<blockquote><p><a class=\"st_tag internal_tag\" href=\"https://cnevpost.com/li-auto/\" rel=\"tag\" title=\"\">Li Auto</a> is the first local automaker to respond to <a class=\"st_tag internal_tag\" href=\"https://cnevpost.com/tesla/\" rel=\"tag\" title=\"\">Tesla</a>'s limited-time discount introduced for the Model Y on November 25.</p></blockquote>\n<p><img alt=\"\" class=\"alignnone size-medium wp-image-103427\" decoding=\"async\" fetchpriority=\"high\" height=\"674\" src=\"https://img.cnevpost.com/2024/11/29103123/2024112902312379.jpg\" width=\"1200\"/></p>\n<p>Li Auto (NASDAQ: LI) has launched a 3-year 0 percent interest financing incentive for car purchases, after Tesla (NASDAQ: TSLA) began offering a limited-time discount on the Model Y earlier this month.</p>\n<p>Customers who purchase and complete delivery of any of Li Auto's models on or before December 31 can take advantage of the incentive, the Chinese new energy-vehicle (NEV) maker announced today.</p><div class=\"code-block code-block-3\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div class=\"subscription-container\">\n<div class=\"subscription-content\">\n<span class=\"bold-text\">Join us on </span>\n<a class=\"subscribe-button\" href=\"https://t.me/CnEVPost\" rel=\"noopener noreferrer\" target=\"_blank\">Telegram</a>\n<span class=\"bold-text\"> or </span>\n<a class=\"subscribe-button\" href=\"https://cnev.co/gnews\" rel=\"noopener noreferrer\" target=\"_blank\">Google News</a>\n</div>\n</div>\n<style></style></div>\n<p>Li Auto's current model range includes the L-series extended-range electric vehicle (EREV) models -- Li L6, Li L7, Li L8, Li L9 -- and the all-electric Li Mega MPV (multi-purpose vehicle).</p>\n<p>Buyers can make a minimum down payment of RMB 69,800 ($9,650) to drive home a Li Auto vehicle before the end of the year, the company wrote on Weibo.</p>\n<p>A table shared by Li Auto shows that consumers can save between RMB 15,700 and RMB 27,700 in interest payments under the latest financing program.</p>\n<p>If a consumer wants to finance a car purchase for five years, the annualized interest rate would be about 1.92 percent, according to the Li Auto poster.</p>\n<h2 class=\"tablepress-table-name tablepress-table-name-id-170\" id=\"tablepress-170-name\">Li Auto's 3-year 0-interest financing incentive</h2>\n<div class=\"tablepress-scroll-wrapper\" id=\"tablepress-170-scroll-wrapper\">\n<table aria-labelledby=\"tablepress-170-name\" class=\"tablepress tablepress-id-170 tablepress-responsive\" id=\"tablepress-170\">\n<thead>\n<tr class=\"row-1\">\n<th class=\"column-1\"><strong>Model</strong></th><th class=\"column-2\"><strong>Starting price (RMB)</strong></th><th class=\"column-3\"><strong>Minimum down payment</strong></th><th class=\"column-4\"><strong>Interest saving</strong></th>\n</tr>\n</thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\">Li L6 Pro</td><td class=\"column-2\">249,800 </td><td class=\"column-3\">69,800 </td><td class=\"column-4\">13,500 </td>\n</tr>\n<tr class=\"row-3\">\n<td class=\"column-1\">Li L6 Max</td><td class=\"column-2\">279,800 </td><td class=\"column-3\">69,800 </td><td class=\"column-4\">15,700 </td>\n</tr>\n<tr class=\"row-4\">\n<td class=\"column-1\">Li L7 Pro</td><td class=\"column-2\">301,800 </td><td class=\"column-3\">99,800 </td><td class=\"column-4\">15,100 </td>\n</tr>\n<tr class=\"row-5\">\n<td class=\"column-1\">Li L7 Max</td><td class=\"column-2\">329,800 </td><td class=\"column-3\">99,800 </td><td class=\"column-4\">17,200 </td>\n</tr>\n<tr class=\"row-6\">\n<td class=\"column-1\">Li L7 Uttra</td><td class=\"column-2\">359,800 </td><td class=\"column-3\">99,800 </td><td class=\"column-4\">19,500 </td>\n</tr>\n<tr class=\"row-7\">\n<td class=\"column-1\">Li L8 Pro</td><td class=\"column-2\">321,800 </td><td class=\"column-3\">99,800 </td><td class=\"column-4\">16,600 </td>\n</tr>\n<tr class=\"row-8\">\n<td class=\"column-1\">Li L8 Max</td><td class=\"column-2\">349,800 </td><td class=\"column-3\">99,800 </td><td class=\"column-4\">18,700 </td>\n</tr>\n<tr class=\"row-9\">\n<td class=\"column-1\">Li L8 Ultra</td><td class=\"column-2\">379,800 </td><td class=\"column-3\">99,800 </td><td class=\"column-4\">21,000 </td>\n</tr>\n<tr class=\"row-10\">\n<td class=\"column-1\">Li L9 Pro</td><td class=\"column-2\">409,800 </td><td class=\"column-3\">129,800 </td><td class=\"column-4\">21,000 </td>\n</tr>\n<tr class=\"row-11\">\n<td class=\"column-1\">Li L9 Ultra</td><td class=\"column-2\">439,800 </td><td class=\"column-3\">129,800 </td><td class=\"column-4\">23,200 </td>\n</tr>\n<tr class=\"row-12\">\n<td class=\"column-1\">Li Mega Utra </td><td class=\"column-2\">529,800 </td><td class=\"column-3\">159,800 </td><td class=\"column-4\">27,700 </td>\n</tr>\n</tbody>\n</table>\n</div>\n\n<p>Li Auto is the first local automaker to launch a response to Tesla's November 25 announcement of a time-limited RMB 10,000 discount in China for the Model Y's two lower-priced variants.</p>\n<p>The Model Y is available in China in an entry-level rear-wheel-drive version, a long-range all-wheel-drive version, and an all-wheel-drive Performance option, with starting prices of RMB 249,900, RMB 290,900, and RMB 354,900, respectively.</p>\n<p>Tesla's limited-time discount applies to the rear-wheel-drive and long-range all-wheel-drive versions of the Model Y, with the highest-priced all-wheel-drive Performance version excluded.</p>\n<p>The US EV maker at the time also further extended the five-year, 0 percent interest financing incentive that applies to all variants of the Model 3 and Model Y to December 31.</p>\n<p>Tesla launched the 5-year 0-interest financing incentive in China on April 3, marking the first time it has offered the program in the country.</p>\n<p>Li Auto's move reflects the impact of Tesla's pricing strategy on China's intensely competitive EV market.</p>\n<p>The Chinese automaker delivered <a href=\"https://cnevpost.com/2024/11/01/li-auto-deliveries-oct-2024/\">51,443 vehicles in October</a>, up 27.26 percent from a year earlier but down 4.22 percent from September.</p>\n<p>Li Auto on October 31 <a href=\"https://cnevpost.com/2024/10/31/li-auto-q3-2024-earnings/\">guided for fourth-quarter deliveries</a> of between 160,000 and 170,000 vehicles, meaning a year-on-year increase of 21.4 percent to 29.0 percent, slightly higher than the 152,831 vehicles it delivered in the third quarter.</p>\n<p>The guidance implies that Li Auto's monthly deliveries for the last two months of the year are likely to be at just over 50,000 units.</p>\n<p>Li Auto's full-year 2024 deliveries will be in the range of 501,812 to 511,812 vehicles, according to the guidance.</p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"mOrP0pgBYz\"><p><a href=\"https://cnevpost.com/2024/11/13/li-auto-l6-150000-deliveries/\">Li Auto sees cheapest model Li L6 cross 150,000 deliveries</a></p></blockquote>\n<p><iframe class=\"wp-embedded-content\" data-lazy-src=\"https://cnevpost.com/2024/11/13/li-auto-l6-150000-deliveries/embed/#?secret=fvBIm3WMx7#?secret=mOrP0pgBYz\" data-rocket-lazyload=\"fitvidscompatible\" data-secret=\"mOrP0pgBYz\" frameborder=\"0\" height=\"282\" loading=\"lazy\" marginheight=\"0\" marginwidth=\"0\" sandbox=\"allow-scripts\" scrolling=\"no\" security=\"restricted\" src=\"about:blank\" style=\"position: absolute; visibility: hidden;\" title=\"“Li Auto sees cheapest model Li L6 cross 150,000 deliveries” — CnEVPost\" width=\"500\"></iframe><noscript><iframe class=\"wp-embedded-content\" data-secret=\"mOrP0pgBYz\" frameborder=\"0\" height=\"282\" marginheight=\"0\" marginwidth=\"0\" sandbox=\"allow-scripts\" scrolling=\"no\" security=\"restricted\" src=\"https://cnevpost.com/2024/11/13/li-auto-l6-150000-deliveries/embed/#?secret=fvBIm3WMx7#?secret=mOrP0pgBYz\" style=\"position: absolute; visibility: hidden;\" title=\"“Li Auto sees cheapest model Li L6 cross 150,000 deliveries” — CnEVPost\" width=\"500\"></iframe></noscript></p>\n<p><img alt=\"\" class=\"alignnone size-full wp-image-103426\" data-lazy-src=\"https://img.cnevpost.com/2024/11/29103116/2024112902311659.jpg\" decoding=\"async\" height=\"1732\" src=\"data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20800%201732'%3E%3C/svg%3E\" width=\"800\"/><noscript><img alt=\"\" class=\"alignnone size-full wp-image-103426\" decoding=\"async\" height=\"1732\" src=\"https://img.cnevpost.com/2024/11/29103116/2024112902311659.jpg\" width=\"800\"/></noscript></p>\n<div class=\"code-block code-block-6\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n\n<div class=\"newsletter-container\">\n<span class=\"follow-text\">Follow us by email: </span>\n<a class=\"newsletter-button\" data-formkit-toggle=\"7669b13c65\" href=\"https://letter.cnevpost.com/follow\">\n<svg class=\"plus-icon\" fill=\"none\" height=\"14\" stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" viewbox=\"0 0 24 24\" width=\"14\">\n<line x1=\"12\" x2=\"12\" y1=\"5\" y2=\"19\"></line>\n<line x1=\"5\" x2=\"19\" y1=\"12\" y2=\"12\"></line>\n</svg>\n    Get Newsletter\n  </a>\n</div>\n\n<style></style>\n\n<script async=\"\" data-uid=\"986244a1e7\" src=\"https://cnevpost.ck.page/986244a1e7/index.js\"></script></div>\n<p>($1 = RMB 7.2352)</p>\n<div class=\"related-posts\">\n<h3>Related posts on CnEVPost</h3>\n<div class=\"related-posts-grid\">\n<div class=\"related-post-item\">\n<div class=\"related-post-thumbnail\">\n<a href=\"https://cnevpost.com/2024/11/13/li-auto-l6-150000-deliveries/\" target=\"_blank\">\n<img alt=\"Li Auto launches 3-year 0-interest financing incentive for all models-CnEVPost\" class=\"attachment-related-thumb size-related-thumb wp-post-image\" data-lazy-src=\"https://img.cnevpost.com/2024/11/13134910/2024111305490985-300x225.jpg\" decoding=\"async\" height=\"225\" src=\"data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%20225'%3E%3C/svg%3E\" width=\"300\"/><noscript><img alt=\"Li Auto launches 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto launches 3-year 0-interest financing incentive for all models\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-29 10:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2024/11/29/li-auto-3-year-0-interest-financing-incentive/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Li Auto is the first local automaker to respond to Tesla's limited-time discount introduced for the Model Y on November 25.\n\nLi Auto (NASDAQ: LI) has launched a 3-year 0 percent interest financing ...</p>\n\n<a href=\"https://cnevpost.com/2024/11/29/li-auto-3-year-0-interest-financing-incentive/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0056508442.USD":"贝莱德世界科技基金A2","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4581":"高盛持仓","LI":"理想汽车","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","TSLA":"特斯拉","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","BK4598":"佩洛西持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT 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after Tesla (NASDAQ: TSLA) began offering a limited-time discount on the Model Y earlier this month.\nCustomers who purchase and complete delivery of any of Li Auto's models on or before December 31 can take advantage of the incentive, the Chinese new energy-vehicle (NEV) maker announced today.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\n\nLi Auto's current model range includes the L-series extended-range electric vehicle (EREV) models -- Li L6, Li L7, Li L8, Li L9 -- and the all-electric Li Mega MPV (multi-purpose vehicle).\nBuyers can make a minimum down payment of RMB 69,800 ($9,650) to drive home a Li Auto vehicle before the end of the year, the company wrote on Weibo.\nA table shared by Li Auto shows that consumers can save between RMB 15,700 and RMB 27,700 in interest payments under the latest financing program.\nIf a consumer wants to finance a car purchase for five years, the annualized interest rate would be about 1.92 percent, according to the Li Auto poster.\nLi Auto's 3-year 0-interest financing incentive\n\n\n\n\nModelStarting price (RMB)Minimum down paymentInterest saving\n\n\n\n\nLi L6 Pro249,800 69,800 13,500 \n\n\nLi L6 Max279,800 69,800 15,700 \n\n\nLi L7 Pro301,800 99,800 15,100 \n\n\nLi L7 Max329,800 99,800 17,200 \n\n\nLi L7 Uttra359,800 99,800 19,500 \n\n\nLi L8 Pro321,800 99,800 16,600 \n\n\nLi L8 Max349,800 99,800 18,700 \n\n\nLi L8 Ultra379,800 99,800 21,000 \n\n\nLi L9 Pro409,800 129,800 21,000 \n\n\nLi L9 Ultra439,800 129,800 23,200 \n\n\nLi Mega Utra 529,800 159,800 27,700 \n\n\n\n\n\nLi Auto is the first local automaker to launch a response to Tesla's November 25 announcement of a time-limited RMB 10,000 discount in China for the Model Y's two lower-priced variants.\nThe Model Y is available in China in an entry-level rear-wheel-drive version, a long-range all-wheel-drive version, and an all-wheel-drive Performance option, with starting prices of RMB 249,900, RMB 290,900, and RMB 354,900, respectively.\nTesla's limited-time discount applies to the rear-wheel-drive and long-range all-wheel-drive versions of the Model Y, with the highest-priced all-wheel-drive Performance version excluded.\nThe US EV maker at the time also further extended the five-year, 0 percent interest financing incentive that applies to all variants of the Model 3 and Model Y to December 31.\nTesla launched the 5-year 0-interest financing incentive in China on April 3, marking the first time it has offered the program in the country.\nLi Auto's move reflects the impact of Tesla's pricing strategy on China's intensely competitive EV market.\nThe Chinese automaker delivered 51,443 vehicles in October, up 27.26 percent from a year earlier but down 4.22 percent from September.\nLi Auto on October 31 guided for fourth-quarter deliveries of between 160,000 and 170,000 vehicles, meaning a year-on-year increase of 21.4 percent to 29.0 percent, slightly higher than the 152,831 vehicles it delivered in the third quarter.\nThe guidance implies that Li Auto's monthly deliveries for the last two months of the year are likely to be at just over 50,000 units.\nLi Auto's full-year 2024 deliveries will be in the range of 501,812 to 511,812 vehicles, according to the guidance.\nLi Auto sees cheapest model Li L6 cross 150,000 deliveries\n\n\n\n\n\nFollow us by email: \n\n\n\n\n\n    Get Newsletter\n  \n\n\n\n\n\n($1 = RMB 7.2352)\n\nRelated posts on CnEVPost\n\n\n\n\n \n\n\nLi Auto sees cheapest model Li L6 cross 150,000 deliveries\n\n\n\n\n\n \n\n\nLi Auto delivers 51,443 cars in Oct, down 4.22% from Sept\n\n\n\n\n\n \n\n\nLi Auto reaches 1,000 supercharging stations but will face challenges in meeting year-end target\n\n\n\n\n\n \n\n\nLi Auto beats Q3 revenue and net income estimates, but Q4 guidance appears to disappoint\n\n\n\n\nShare this 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