Tesla, Hyundai, Nissan offer cheaper EVs as China price war goes global

Battle for market share heats up as demand slumps on reduced incentives

20251008N Tesla

The budget version of Tesla's Model Y starts at $39,990, down about $5,000 from the cheapest existing option. (Tesla)

AZUSA KAWAKAMI and SHUHEI OCHIAI

NEW YORK/TOKYO -- The electric vehicle price war is expanding beyond China and into the rest of the world as weakening demand pushes automakers like Tesla and Nissan Motor to slash prices.

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