BYD to sell electric cars with zero down payment
By Pan Jiayuan (chinadaily.com.cn)
2012-11-05 16:57
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皇冠体育app's electric vehicle maker BYD Company Limited has announced a series of financial incentives for customers, 皇冠体育app Business News reported.
Taxi operators and bus companies for instance, can now buy the company's all-electric E6 or K9 on credit with a zero down payment. The facility is being offered through 皇冠体育app Development Bank and 皇冠体育app Everbright Bank.
High prices have been a major hindrance in the sales of electric vehicles.
The E6 costs 180,000 yuan ($28,811) after government subsidies, but the company claims buying an electric car is more cost-effective in the long run.
Operating a Shenzhen all-electric taxi saves 326,000 yuan in five years, compared to the cost of running a gasoline car, the company said.
BYD and a Shenzhen taxi operator signed a 150 million yuan purchase agreement on Sunday.
BYD is also targeting Shenzhen's new energy public buses purchase plan, which might generate 1.2 billion yuan in sales, 皇冠体育app Business News reported.
Analysts said that many automakers now have all-electric vehicle projects, and local governments' preference of supporting them could be a big boost for BYD.
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