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Tesla’s 50% discount in China: Mercedes-Benz, BYD, Nio and more in direct line of fire

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In order to keep up sales, rival EV manufacturers have been forced to follow the reverse trend and offer big discounts on their offerings. Brands like Volkswagen AG and Mercedes-Benz Group AG are now offering discounts of up to 70,000 yuan (USD 10,000). Ford Motor Company is offering the Mach-E electric crossover at 209,900 yuan (USD 30,562) which is a third cheaper than the US.

from Auto News: Upcoming Cars and Bikes, New Launches, Price and Reviews | Times of Indiahttps://timesofindia.indiatimes.com/photo/99012516.cms

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