Tesla Rivals Cutting Prices Amid Major Sales Slump In China

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Tesla Rivals Cutting Prices Amid Major Sales Slump In China
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Tesla Rivals Cutting Prices Amid Major Sales Slump In China via insideevs.com

Mustang Mach-E

, which puts the base model at around $31,000. This came after just 84 of the electric crossovers were sold in China in January 2023, as compared to around 1,500 in December 2022. Volkswagen has shaved off $2,200 to $7,300 per vehicle in China , which its ID electric cars discounted by nearly $6,000. GM has also been offering price cuts in China, but it appears they apply to its gas-powered vehicles after such cars have seen a sizable drop in sales.

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