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Tesla Resets the Game ⚡ Tesla introduces zero-interest loans for up to 5 years, aiming to supercharge Model 3/Y sales in China. This is not just about boosting sales; it's about making sustainable mobility accessible, ensuring Tesla's leadership in the EV race continues. Check out all the details on our full report here ➡ https://lnkd.in/gkR-U6Ex What are your thoughts on Tesla's zero-interest loan strategy in China? Do you think it will significantly impact Tesla's sales and market share in the competitive EV landscape? Share your insights below! #Tesla #ElectricVehicles #Innovation #MarketStrategy #SustainableMobility

Troubles in the electric vehicle industry are spreading into debt markets, where the percentage of EVs in car loan ABS deals is getting to the point where people are raising flags. Given this is a crucial tool that auto manufacturers use for funding customer car loans, this could eventually mean higher interest rates for car buyers. Thanks to a variety of factors including Tesla's price war, used EVs are commanding a much lower price than traditional petrol and diesel cars in the used car market. Monica Raymunt and myself talk to Sally Onions, Doug Paterson, CFA, CAIA, Philippe Houchois and others on this topic, on link below. This is a topic that interested me as I learn more and more about the ABS market. Do send me your feedback, thoughts and general abuse via DM or the comments below! https://lnkd.in/e33HE-kx

Tesla brings 0% interest loans to China as it loses market shares Tesla is launching 0% interest loans for a limited time in China as a new incentive amid the automaker losing market shares in the critical market. Just as end-of-quarter incentives ended, Tesla is already bringing new incentives in place in its most important market: China. China is the world’s biggest auto market and EV market. https://lnkd.in/gj2HSEzE

Polestar lands $1B loan to keep EV plans on track Polestar secured a $950 cardinal indebtedness from a twelve banks, captious funds needed to support its EV plans moving guardant pursuing Volvo’s determination to propulsion backmost its fiscal enactment of the electrical automaker. Polestar said Wednesday the funds were needed to concern the adjacent signifier of its improvement and covers a ample bulk of its estimated financing needs. The financing was provided by 12 planetary banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, successful the signifier of a three-year indebtedness facility. The institution had astir $770 cardinal successful currency astatine the extremity of 2023, according to regulatory filings. The backing provides a captious stopgap for the publically traded Swedish EV institution owned by China’s Geely Holdings. However, it doesn’t lick each of its fiscal woes. Even with this caller injection of capital, the institution said Wednesday it volition proceed to chopped costs and look for efficiency, including layoffs. Polestar, which has chopped 10% of jobs since mid-2023, said it plans to marque different 15% chopped this year. The institution antecedently disclosed that 15% occupation cut, which volition impact astir 450 people. The financing comes amid softening request for EVs, peculiarly vehicles successful the luxury and premium segments arsenic consumers question amended deals. At the company’s inaugural Polestar Day successful Los Angeles past November, the automaker said next-generation vehicles and tech would supply the spark needed to boost sales. But bringing caller vehicles to marketplace is simply a costly workout with nary warrant of a income win. Polestar presently produces the Polestar 2, Polestar 3, which precocious started accumulation successful China, and the Polestar 4. The institution said it has successfully completed trial accumulation runs for the Polestar 3 astatine its mill successful South Carolina. Prototype accumulation of Polestar 5, a progressive show GT, volition besides accelerate successful 2024, the institution said. The $950 cardinal indebtedness follows Volvo Cars’ determination past period to trim its 48% holding successful Polestar and fto genitor institution Geely instrumentality implicit fiscal responsibility. Under the caller structure, Geely Sweden Holdings volition go the 2nd largest shareholder and Volvo Cars volition clasp an 18% stake. “As a strategical spouse and nonstop shareholder successful Polestar, Geely volition proceed to supply afloat operational and fiscal enactment to the iconic show car marque going forward,” Daniel Li, Geely Holding Group CEO and Polestar Board Member said successful a statement. “We volition clasp our shares successful Polestar and mean to enactment successful ...

Currently, loans for petrol and diesel passenger vehicles have interest rates ranging between 9.3% and 10.3%, while ICE two-wheeler rates range from 16-20%. For EVs, interest rates for cars and SUVs are between 8.5-9.5%, whereas e-two-wheelers range from 18-22%. https://lnkd.in/gGCBDvaR #EvFinancing #RoadbolckForEVs #InterestRatesForEVs

It's time for credit unions to reclaim their share of the auto loan market from banks and captives! Have you thought about your strategies yet? Consider focusing on specialty or niche markets within your communities. How ready are you for the rise of Electric Vehicles (EVs)? #CreditUnions #AutoLoans #EVs

Navigating Auto Financing Trends: What's Important for 2024 📌 As the auto industry keeps evolving, how we finance cars is also changing. Here are some trends and strategies to keep in mind this year: Going Digital: More people are using digital platforms for everything, including getting car loans. Making it easy for customers to apply and get approved online can make a big difference. Thinking Green: There's a growing interest in eco-friendly cars. Offering financing options for electric and hybrid vehicles could attract customers who care about the environment. Personalized Deals: Everyone's financial situation is different. Tailoring loan packages to fit individual needs can make your service stand out. Managing Risks: It's important to have solid plans in place to handle the financial risks associated with car loans. This helps keep your business on track and your customers happy. Staying on Top of Rules: Laws and regulations change, especially in finance and cars. Keeping up with these changes is crucial to making sure everything stays fair and legal. . . . I'm eager to hear your thoughts on these trends and strategies. What do you think will be important in auto financing this year? Let's chat and share ideas! #autoloans #FinanceExpert #automobile #trends

The making of an EV loan. Background study – The story behind creating targeted offers for buyers of EVs Read GoAuto's story here: https://lnkd.in/ggdsbqRK | Susan Jobson | Warwick Tsang | Angle Auto Finance |

An analysis reveals that about a third of Americans with auto loans owe more on their vehicles than the cars are worth, a trend driven by high vehicle prices, extended loan terms, and record interest rates. Read More: https://lnkd.in/gKnMibSK #ConsumerDebt #AutoLoans #InterestRates #FinancialStrain #VehicleFinancing #EconomicChallenges #RisingPrices #CostOfLiving #LoanTerms #AffordabilityCrisis

An analysis reveals that about a third of Americans with auto loans owe more on their vehicles than the cars are worth, a trend driven by high vehicle prices, extended loan terms, and record interest rates. Read More: https://lnkd.in/gACr5ppx #ConsumerDebt #AutoLoans #InterestRates #FinancialStrain #VehicleFinancing #EconomicChallenges #RisingPrices #CostOfLiving #LoanTerms #AffordabilityCrisis