Chinese EV Makers' Shares Fall on Worries About Further Price Cuts
By Sherry Qin Shares of Chinese electric-vehicle makers listed in Hong Kong were broadly weaker early Monday, as they engaged in new price war which...
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By Sherry Qin Shares of Chinese electric-vehicle makers listed in Hong Kong were broadly weaker early Monday, as they engaged in new price war which...
Tesla triggered the China price war that has left its locally made cars as much as 14 percent cheaper than last year, and in some cases almost 50 percent less expensive than in the U.S. and Europe.
Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by RMB 14,000 ($1,900) in the latest salvo in a bruising price war, reports Bloomberg. The electric vehicle maker cut the price of its Model Y Long-Range and Performance to RMB 299,900 and RMB 349,900 respectively, the company announced on…
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Tesla has again lowered the prices for its Model Y in China. The new price reduction concerns the Model Y Long Range and the Model Y Performance, which now cost 14,000 yuan (approx. 1,760 euros) or about four per cent less. The Model Y Long Range is now available in…