Tesla price cuts in China spark more EV discounts

Li Auto becomes latest brand to discount its models in battle for market share

20240422N Tesla Model 3

Tesla cut the price of the Model 3 sold in China by 6%. (Photo by Tomoko Wakasugi)

TOMOKO WAKASUGI, Nikkei staff writer

SHANGHAI -- Tesla and Chinese electric vehicle startup Li Auto have announced the latest discounts for EVs in China as growing competition tests automakers' endurance.

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