Tesla launches 5-year 0% financing on new Model Y in China

Tesla today announced a new 5-year 0% financing promotion for the new Model Y electric vehicle (EV) in China, allowing customers to get this vehicle at no interest for a limited time.

Earlier this year, Tesla introduced the Model Y in Asia, including its largest market – China. The vehicle has a facelift with a lightbar as well as a front-facing camera.

This vehicle comes with a cross-car lightbar with reflective lighting, which is different from the previous Model Y version. Its internal is upgraded with ambient lighting, better seats with heating and ventilation, powered passenger seats. The passenger also brings a separate 8-inch screen for entertainment and car controls.

The early customers had access to only the Launch Series, a limited edition, but now all of the customers can buy regular variants including the Rear-Wheel Drive and a Long Range All-Wheel Drive priced at 253,500 yuan and 313,500 yuan respectively.

Tesla is producing these models at Giga Shanghai factory and early vehicle sales are showing a good sign. Meanwhile, this new 5-year 0% interest financing offer on new Model Y will open a more efficient way for customers to book one vehicle.

However, customers considering the new Model Y must take delivery by June 30, 2025, to become eligible for this offer.

Model 3

On the other hand, Tesla is giving away 8,000 yuan worth of limited-time insurance subsidy on Model 3 customers who also takes the delivery by June 30, 2025. Some of its models are already offering a limited-time 5-year 0% interest subsidy.