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CarBuzz

Chinese automakers will offer big incentives for electric vehicles in 2025 to catch up with Tesla and BYD

CarBuzz
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Companies like Nio and Li Auto will offer consumer incentives in hopes of catching up with Tesla and BYD .

Starting January 2, 2025 , Li Auto buyers will get 15,000 yuan ( around $2,000 ) off the price of a new vehicle, plus three-year financing at 0% interest.

Nio will also offer 0% financing in 2025 .