Analysts warn of a “price war” as Tesla reduces China prices by up to 9%.
Mercedes-Benz claims the Chinese automobile market is “well-supported” despite Tesla’s recent price reductions for its electric vehicles. On Wednesday, Mercedes-finance Benz’s head told CNBC that the company’s pricing of its automobiles in China is “well-supported,” despite competition from the United States electric vehicle behemoth Tesla, which recently reduced costs. When asked about Tesla’s price cuts, … Read more