Huawei offers interest-free loans for its new sedan

Staff reporter and Reuters

China's tech giant Huawei offers a three-year interest-free car loan plan for its new Luxeed S7 electric vehicles after BYD (1211) provided free smart-driving features.

Making the announcement on Weibo, Huawei said it also offered a low-interest rate plan for the first five years of the loan for vehicles under the smart-driving brand Harmony Intelligent Mobility Alliance.

Under the two new plans, the buyers of new Luxeed S7 EVs would enjoy a down payment of as low as 79,800 yuan (HK$85,040) and can save up to 17,000 yuan.