Chinese automaker XPeng introduced on Thursday a seven-year low-interest financing incentive for its fully electric and hybrid lineup in China, following in the footsteps of Tesla, Xiaomi, Li Auto, Dongfeng‘s sub-brand Yipai, and Geely‘s Galaxy brand.
Until the end of January, consumers will be able to purchase any models with a minimum down payment from 15%, resulting in monthly installments starting at 1,355 yuan –equivalent to $195.
The near-zero interest financing for up to seven years was first implemented by the US giant Tesla on January 6.
Since then, five Chinese brands have matched the promotion.
Xiaomi introduced it last week, with Li Auto, Dongfeng‘s Yipai and Geely‘s Galaxy brands following. XPeng announced it on its social media channels on Thursday.
Tesla and Xiaomi
Tesla‘s seven-year low-interest financing incentive is applied to its fully electric Model 3, Model Y – which led Chinese 2025 sales across all powertrains – and Model Y L.
Until the end of this month, customers can save up to 33,479 yuan ($4,810) by purchasing the first two models for a minimum of 79,900 yuan ($11,470) and the Chinese-exclusive three row SUV for at least 99,900 yuan ($14,300).
Implemented on January 15, Xiaomi‘s offer allows its consumers to acquire its YU7 battery-electric SUV with a down payment starting from 49,900 yuan ($7,160) and minimum monthly installments of 2,593 yuan ($370) until February 28.
The Chinese automaker also launched a “three-year interest-free” policy, which provides a down payment starting from 74,900 yuan – equivalent to $10,750 – and a monthly payment as low as 4,961 yuan ($710).
Li Auto
Starting from Tuesday, Li Auto is offering a seven-year monthly payment of 15% for its entire lineup, which includes the L-series extended-range SUVs and the fully electric Li i6 and i8 SUVs and Li Mega MPV.
The MEGA and i8 are also eligible for a seven-year financing program, featuring interest-free terms for the first three years and minimum monthly payments of 2,857 yuan – or $410.
Chinese tech portal 36kr reported that, in the first twelve hours of the promotion’s announcement, the company’s official website traffic jumped 320%, and the in-store consultation volume rose by 245% compared to the previous period.
Li Auto is expected to close a still unclear number of underperforming stores in China, the local media outlet Lanjinger reported earlier on Thursday — citing a source.
The decision is still being evaluated, but “efficiency and other factors” – including its sales decline in 2025 – are behind it.
Dongfeng and Geely
Meanwhile, Dongfeng’s sub-brand Yipai offered a similar incentive for its 007 series with a down payment of 42,000 yuan ($6,030), a daily payment of 42 yuan ($6) and a monthly payment of 1,272 yuan ($180).
The Geely offer for its Galaxy brand only covers the M9 model with a down payment of 25,800 yuan, equivalent to $3,700.
XPeng Sales target
XPeng delivered 429,445 vehicles last year, increasing its annual figures by 126% from 2024.
The target for this year is to sell between 550,000 and 600,000 vehicles worldwide.
In 2025, overseas deliveries surpassed 45,000 units, nearly doubling year on year.
