[AUTO] Tesla's price war reshuffles Chinese market, may wipe out some automakers

[H O L D F I R E 流]

The world’s biggest light-vehicle market is being profoundly reshaped by brutal pricing battles expected to drag into 2024, with hefty discounts threatening to drive weaker automakers out of business.

Tesla Inc. triggered a price war in China that’s poised to reshape the world’s biggest car market, with hefty discounts threatening to drive some automakers out of business.  In October, the U.S. electric-vehicle maker — a major player in hyper-competitive China — cut prices on models produced at an enormous factory on the outskirts of Shanghai. The cuts escalated in January, with another discount that left Tesla’s locally-made vehicles up to 14 percent cheaper than last year, and in some cases almost 50 percent less expensive than in the U.S. and Europe.

link : https://www.autonews.com/china/tesla-china-price-war-reshuffles-market-may-wipe-out-some-automakers