Automundo China

New policy to promote consumer confidence in world's biggest car market

Tesla is offering a limited-time finance policy in China with down payments as low as RMB 79,900 and 0-interest loans for up to 5 years.

The carmaker’s disappointing results point to slowing demand and a “sharp deterioration in growth” that extends beyond Elon Musk’s company.

As Iran’s domestic carmakers lose money due to sanctions, a technological gap and mismanagement, officials are promising to boost the electrical vehicle production.

The SU7 has a starting price of 215,900 yuan (about $29,838), lower than even the Tesla Model 3 in China.

Tesla continues to face fierce competition in China, so consider the challenging EV-market conditions if you're looking to buy Tesla stock.

German carmakers are seeing the future in a rosier light than last month, a leading economic institute says. Positive developments regarding exports to the US and China are a major factor driving the increased optimism.

Chinese Car Loan Policy: Financial institutions can independently determine the lowest payments they will accept on personal auto loans for gasoline-engine cars and new energy vehicles (NEVs), the central bank said in a statement released jointly with the National Financial Regulatory Administration (NFRA).

Tesla overtakes BYD; Ralph Lauren Fragrance readies 1st Beijing store; L’Oréal rolls out science initiative.