XPENG introduces zero interest, up to 5-year zero down payment policy to boost car sales

Shanghai (Gasgoo)- On February 5, Chinese smart electric vehicle company XPENG announced a new car purchase policy, which offers customers a zero-down payment and five-year zero-interest option with subsidies of up to 57,000 yuan per car. 

According to the automaker, the program covers multiple models, including the X9, the G9, and the G6.

To be specific, XPENG will offer a zero-down payment and five-year zero-interest option with subsidies reaching up to 57,000 yuan for customers who purchase the XPENG X9. Meanwhile, the automaker will provide a zero-down payment and three-year zero-interest option for customers who buy any of the G6, the G9, and the P7i models. Consumers who place a deposit can enjoy the aforesaid purchase incentives, ending on February 28.

Leveraging its layout in hardware, chips, software, AI large models, and vehicle products, XPENG aims to achieve Level 3 full-scenario autonomous driving capability in the second half of this year.

XPENG delivered 30,350 vehicles in January 2025, marking a 268% year-over-year spike, surpassing 30,000 units for the third consecutive month. Notably, as of January 2025, the XPENG MONA M03 model had posted monthly deliveries of over 15,000 vehicles for two consecutive months. Meanwhile, the XPENG P7+ had already reached 20,000 units of cumulative deliveries within two months of the market launch.

XPENG plans to launch several new models in 2025, including the all-new XPENG G7, the refreshed G6, and the updated G9 models.

In addition, XPENG and Volkswagen Group China announced a strategic partnership on January 6 in the field of super-fast charging networks with a memorandum of understanding (MoU) signed on spot. Under the MoU, the duo will grant each other access to their proprietary super-fast charging networks.