At the start of 2026, China's auto market has seen a clear shift in competitive strategies: price wars are gradually subsiding, replaced by financial packages centered on "low down payments, low monthly installments, and extended loan terms." Over 20 automakers have already entered this new arena, including new energy vehicle brands like Tesla, Xiaomi, and Li Auto; domestic brands such as BYD and Great Wall Motor; and joint ventures like Dongfeng Nissan and GAC Honda. Some manufacturers are even offering deals with zero down payment and loan terms stretching up to eight years, significantly lowering the barrier to car ownership for consumers. This strategic pivot—from competing on price to competing on financing—is reshaping the competitive landscape of the auto market.