Reported 2 days ago
Tesla and BYD are increasing discounts and incentives in China as they strive to meet year-end sales targets. Tesla is offering 0% loans and substantial discounts on its Model Y, while BYD is providing price reductions of up to 3,000 yuan on various models. Despite government subsidies boosting EV sales, the market remains fiercely competitive, with smaller players also fighting to gain market share against industry leaders.
Source: YAHOO