<div id="readability-page-1"><blockquote><ul><li>BYD's Ocean lineup and Fang Cheng Bao sub-brand have launched a 7-year low-interest financing plan, following similar offers from over a dozen other automakers.</li><li>With Chinese regulators discouraging direct price wars, domestic automakers are intensively shifting toward competing for consumers through relaxed financial policies.</li></ul></blockquote><figure id="attachment_136802"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026022512075553.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026022512075553.jpg"/><figcaption id="caption-attachment-136802">(A BYD Tang L DM displayed at the Shanghai Auto Show in April 2025. Image credit: CnEVPost)</figcaption></figure><p>China's largest new energy vehicle (NEV) maker BYD (HKG: 1211, OTCMKTS: BYDDY) has officially joined the ultra-long-term auto loan promotion camp initiated by Tesla (NASDAQ: TSLA).</p><p>BYD Ocean lineup sales head announced on Wednesday that from now until March 31, multiple BYD models will be eligible for 3-year zero-interest or 7-year low-interest financing plans.</p><p>The program supports zero down payment with daily payments as low as RMB 29 ($4.2), plus up to RMB 21,000 trade-in subsidies.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>Eligible models include the BYD Seal 07 DM-i, Seal 06 GT, Seal 06 DM-i, Seal 06 DM-i wagon, Seal 06 EV, Sealion 06 DM-i, Sealion 06 EV, Seal 05 DM-i, Sealion 05 EV, Dolphin, and Seagull.</p><p>BYD's personalized brand Fang Cheng Bao also introduced a 7-year extended loan policy for the Bao 5 and Tai 7 models, featuring down payments starting at RMB 32,000 and annualized rates as low as 1.5%.</p><p>It remains unclear whether BYD's Dynasty lineup will follow suit.</p><p>With Chinese regulators discouraging direct price wars, domestic automakers are increasingly shifting to competitive financial policies to attract consumers.</p><p>Entering 2026, China's auto market faces pressure from slowing demand due to the combined impact of the traditional sales off-season and the tapering of earlier stimulus policies.</p><p>Since Tesla pioneered unconventional 7-year low-interest financing in China this January, over a dozen automakers including Nio Inc (NYSE: NIO, HKG: 9866), Xiaomi (HKG: 1810, OTCMKTS: XIACY), Li Auto (NASDAQ: LI, HKG: 2015), Xpeng (NYSE: XPEV, HKG: 9868), and Geely Auto (HKG: 0175, OTCMKTS: GELYF) have followed suit.</p><p>In recent years, Chinese automakers typically responded to sluggish sales with direct price cuts, but this eroded profits and drew regulatory scrutiny over cutthroat competition.</p><p>This financial warfare — extending loan terms while lowering down payment and monthly payment thresholds — lowers barriers to car ownership for consumers and aligns with the Chinese government's policy push to increase financial support for auto consumption.</p>    <div>        <div>            <p><img width="768" height="672" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026022409041432-768x672.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026022409041432-768x672.jpg"/>                            </p>        </div>        <div>            <p>BYD begins large-scale deployment of megawatt flash charging facilities</p>            <p>Analysts said the launch of BYD's second-generation megawatt flash charging system will be a key driver for sales recovery.</p>                    </div>    </div>    <p>($1 = RMB 6.8695)</p>                                                                                </div>

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<p>BYD has launched a 7-year low-interest financing plan for its Ocean lineup and Fang Cheng Bao sub-brand, joining other automakers in a shift towards financial competition amid regulatory discouragement of price wars. The plan includes zero down payment options and low daily payments, aiming to attract consumers in a slowing market. This move follows Tesla's lead in offering extended loan terms, as Chinese automakers adapt to sluggish sales by enhancing financial policies rather than cutting prices.</p>

- BYD has launched a 7-year low-interest financing plan for its Ocean lineup and Fang Cheng Bao sub-brand, joining Tesla's promotion camp.  
- This program includes models eligible for zero down payment and daily payments as low as RMB 29, while regulators discourage price wars, prompting automakers to adopt competitive financial policies.  
- China's auto market is facing slowing demand, leading to a strategic shift in financing approaches to increase consumer access and align with government support for auto consumption.

BYD join China's auto market 'financial war' with 7-year low-interest financing plan