Automotive Industry: Electric Vehicles

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  • Tesla cuts prices of its EVs again as competition grows and demand weakens.
  • In Germany, prices of its two Model Y versions were slashed by 5,000 euros.
  • In China, price of Model 3 was reduced by 5.9% to 245,900 yuan while the starting price of Model Y was lowered to CNY258,900 from CNY266,400.

https://www.wsj.com/business/autos/chinese-ev-shares-slump-pressured-by-tesla-price-cuts-weak-sales-65654218

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