Bury the hatchet
Tesla and several Chinese automakers have buried the hatchet sharpened by hefty discounts. Tesla and major Chinese automakers have agreed that they will compete fairly against each other and will not pursue “abnormal” pricing policies.
Tesla unleashed a real price war at the end of last year by sharply lowering the prices of its cars. You also noticed that in the Netherlands. For example, the prices of the Model 3 and Model Y fell by thousands of euros at the beginning of this year. The Model 3 became even less expensive not much later. The consequence? Various car manufacturers followed suit, which led to sharp price reductions on cars from brands such as BYD, especially in China. Reuters reports that Tesla and major Chinese automakers have buried the hatchet.
At the China Auto Forum in Shanghai, Tesla, BYD and manufacturers such as Geely, Chery, Xpeng and Nio agreed, according to Reuters, to compete fairly with each other to sell so that cars are priced “abnormally”. This may herald an end to the sharp price drops on electric cars, at least in China.
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– Thanks for information from Autoweek.nl