Tesla Intensifies EV Price War in China with New Incentives

In a bid to boost sales in the competitive Chinese market, Tesla rolls out significant discounts and incentives, challenging local rival BYD.

Tesla announces new incentives for Model 3 and Model Y vehicles in China, including discounts on car insurance and paint colors.
The incentives aim to drive sales amid slowing EV demand and increased competition in China.
BYD, Tesla's main competitor, responds with price cuts and cheaper editions of its vehicles, intensifying the price war.
Tesla's price cuts follow a pledge by top EV makers to avoid 'abnormal pricing,' sparking protests from some owners.
BYD unveils a new $233,000 'supercar,' signaling its ambition to dominate the high-end EV market.