BEIJING (Reuters) – Chery announced Monday that it would offer purchase tax breaks, trade-in subsidies and auto finance discounts for some of its best-selling combustion models, as a cutthroat price war rages in the world’s largest auto market.
Among Chery’s combustion models eligible for the new incentives effective on Monday are Tiggo 8 Pro champion edition, Tiggo 9 and Arrizo 8 high-performance edition, the automaker said in a statement on its WeChat account.
(Reporting by Qiaoyi Li and Brenda Goh; Editing by Jacqueline Wong)
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