Categories

Archives

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

BYD lures e-taxi operators with financing incentive

(Reuters) – Taxi operators in China interested in electrifying their fleet can pay the full price of BYD’s (1211.HK) (002594.SZ> e6 in installments, saving them the hefty upfront full payment they have to make for a gasoline-powered car, the Warren Buffett-backed Chinese car maker said on Sunday.

They can sign a rental agreement with financing firm or a third party taxi operator which own e6 and claim ownership of the car after the full payment is made, it said in a statement.

Taxi operators can also buy e6 through bank credit with zero down-payment, BYD said, adding China Development Bank is the strategic financing partner for the new initiative.

Each e6 purchased through such arrangements would save a taxi operator 326,477 yuan in five years because of cheaper electric price, even though the e6 costs 180,000 yuan after government subsidies compared with 10,000 yuan for a gasoline car, it said.
More reuters.com

Share

Leave a Reply