In a move to elevate employee spirits, Xiaomi, the Chinese smartphone manufacturer, has introduced a special discount initiative for its staff, for its latest electric vehicle, the SU7. Running from 28 March to 30 June, 2024, this programme offers Xiaomi staff notably reduced interest rates on car loans.
With annualised rates plunging to as low as 1.6 per cent—a significant drop from the standard 3.0 per cent rate will be extended to external customers as well.
To seize this offer, employees simply need to place an order for the SU7 through the Xiaomi Auto App and await contact from a delivery specialist to proceed with the financing application. During this process, they can opt for the exclusive “Employee 1.6 per cent” plan and submit their application conveniently.
Furthermore, employees will have the flexibility to make a down payment as low as 15 per cent and extend the loan period for up to 60 months.
Xiaomi is known for its interesting employee- engagement practices. Sometime back, to reduce the hassle of renting houses at high costs, Xiaomi established Mi Apartment (Beijing) Commercial Operation Management at a registered capital of about 700 million yuan or $108 million.
The apartments were meant for Xiaomi employees, especially freshers, who find it difficult to afford expensive flats. This was a step towards ensuring employee happiness.
