The weather has warmed up and my cold is gradually getting better. These days, I have been checking out the RisingAuto car owners group and noticed that many owners in Shanghai seem to have much later signing dates than owners from other regions. After some investigation, it turns out that many RisingAuto owners in Shanghai are owners of a new energy vehicle.

Today, I am sharing some practical tips on how to speed up the process of adding a new energy vehicle to your name and upgrading your purchase. Please note that the procedures may vary from region to region. In this post, I will talk about the process in Shanghai based on my own experience.

RisingAuto R7 purchasing journey

The RisingAuto whole vehicle purchasing journey mainly consists of the five steps shown in the following diagram: new energy credit check, confirmation of financial plans, application for battery rental, signing the purchase contract, and signing the battery rental contract.

Based on my actual experience, steps 1-3 are concurrent and independent of each other. Only after steps 1-3 are completed, can step 4 and step 5 proceed.

Steps 2 and 3 are relatively easy, but the most difficult one is actually step 1, regarding the new energy credit check. I will explain this step in more detail below.

New energy credit check

In Shanghai, the new energy credit check is the first step in the vehicle purchasing process. You can find this step within your own suishenban (a comprehensive government service platform). Look for “new energy vehicles” in the separate menu that pops up and select the option for applying for a new energy vehicle license plate. This will launch the credit check process.

If you do not already own a new energy vehicle, the credit check process will be very fast. When you see that the check status is “passed,” it means that your new energy credit has been approved. Take a screenshot of this page, along with your name, and save it. Then open the RisingAuto app, click on step 1, and enter the new energy qualification upload page. It usually takes about one business day for the document to be approved.

However, if you already own a new energy vehicle, remember that the credit check process will fail. Before you can proceed, you need to transfer or sell your existing vehicle to clear the quota. You can estimate your own situation by following the corresponding steps I have outlined above.1. Find a reliable proxy agency and handle the transfer of ownership of your new energy vehicle to your wife. The proxy agency will charge a certain fee, but the benefit is that the process is fast and smooth.

2. The proxy agency will first conduct a credit investigation of your wife and apply for credit quota. For pure electric cars, the process is very fast, taking about 3 working days. If you own a hybrid car, the time may double to 8 to 15 working days. The next process can only be carried out after this process is completed.
3. Drive your old new energy car and go to the second-hand car trading market at the agreed time with the proxy agency to handle the transfer of ownership. The whole process takes a whole day, so it is recommended to go early in the morning. After this process is completed, your car ownership will belong to your wife. Only then can you move on to the next step.
4. After 2 to 3 working days, go to the vehicle management office to obtain a list of vehicles under your name. Remember, this step is very important. Credit investigation for new energy cars represents your qualification to purchase a car. The list of vehicles under your name represents your credit quota. Qualification and credit quota are two different concepts. Please remember that.
5. Once you obtain the list of vehicles under your name, it proves that you no longer have any cars under your name. Then, take a photo of this qualification and send it to your sales representative. They will go through the next key process, which is to unlock the credit quota for your new energy vehicle purchase. Only after unlocking can you truly have the qualifications and credit quota to purchase a new energy car. In Shanghai, each person only has one quota under their name. Without unlocking the previous quota, you cannot purchase another car.
6. Once you have obtained the list of vehicles under your name, you can confidently check your credit information through the Suishenban Inquiry. This process takes about a day. Then follow the steps of taking screenshots and uploading them again.

This completes Step 1.

Battery leasing application

This step is actually not difficult. It is Step 2. The reason is simple: the financial plan for leasing and non-leasing is different. Only after you have chosen whether to lease the battery can you choose the financial loan plan. Otherwise, your financial plan will default to the whole vehicle price, including the battery, which is not correct.

After filling in the battery leasing application, the customer service of Jexenergy Business Center will call you to confirm some basic information and ask if you are aware of the repayment mode. After the phone conversation, the status of the battery lease application will change to “application is approved”. At the same time, you can open the battery lease contract for signing, which is Step 5. However, you cannot proceed until Step 4- the contract is officially signed.

Financial Plan

When you reach this step, the financial plan, as the name suggests, is to choose the plan that suits you.Here I will talk to you about my understanding of car loan financial plans. First of all, as for the year 2022 which the economic environment is not too good, and also affected by the epidemic, sufficient cash flow is always the best solution to get through the difficult period, whether you are a small business owner or an employee. Personally, I do not recommend buying cars in full payment. Cash flow can do a lot of things.

Secondly, about the down payment, I personally choose 15% down payment and a 5-year low-interest loan. As for why I chose this, I have shared it countless times in the new travel WeChat group. To summarize, with the minimum down payment, the minimum monthly payment, the lowest interest rate, you can beat inflation and use the remaining money to invest and manage finances. A financial cycle of five years, regardless of stocks, bonds, bank interest, or funds, you can earn the data of 5.67% in five years. There is no need to significantly reduce your overall account funds at this time. Money breeds money, interest rolls up interest, and cash is king.

Regarding the loan method, the following options are available.

• SAIC Finance is a loan that is basically a bug in the industry because the qualification review is relatively loose. Basically, I can describe it like this. If SAIC Finance cannot pass the review, then you basically belong to a poor credit record and cannot be approved by others. And I have compared it with Geely, Changan, and XPeng. With 15% down payment plus five years interest-free, the plan of SAIC Finance is basically rubbing the competitors on the ground. The only issue you need to pay attention to is that SAIC Finance does not support early repayment of the loan at any time. If you need to repay the loan early after five years of financing, you have to pay a penalty under the SAIC Finance mode. Those who choose SAIC Finance loan must pay attention to this point.

• ICBC loan is also the plan I chose this time. It is still five years, 15% down payment, and the same interest rate as SAIC Finance. The only difference is that ICBC loan supports early repayment of loans without paying a penalty. In this way, for my use of the car, the risk is minimized. I must consider extreme situations for my car use. If I don’t like this brand after three years and want to sell it, how can I minimize my loss? This loan mode solves my follow-up problem. The only problem with ICBC is that it requires extremely high credit qualifications and needs to review your provident fund payments. If you are a freelancer or pay your own social security, you will most likely fail the review.

Contract Signing

After completing the above three steps, you can enter the final ultimate test, the contract signing process. There is not much to say about this. As an adult, carefully read the contract. There are no pitfalls. After signing, you have bought your car. Wait for the audit to pass, and sign the battery leasing contract.

After signing the contract, everything will go well, and you can call for the car. The so-called call car is a professional term that the sales staff in the new travel group have told us about. In summary, it means dispatching and matching cars.

Additional Tips

Below the car buying experience, there is an energy rights section, which should not be forgotten. Shanghai has a very good charging environment, and I am also a baas owner. Therefore, I decisively chose the charging card, with a two-year rights, and the brand side sends me 1500 kWh each year, which can be used to offset the exchange quota or for supercharging. After conversion, it is a 10,000 km quota per year.

As an old cabbage who has been driving an electric car for four years, in short, charging at home in Shanghai is not very significant, unless there are special needs, and it does not make much money. It is better to enjoy the benefits of wild charging rights. Happy time.



Alright, today’s sharing ends here. I have been holding back writing this article for three days, but I finally forced myself to finish it today. I hope that after reading this sharing, my friends can speed up and clarify their car buying process.

As a preview, next time, I will share a deep test drive experience!

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.