Motoring

Tesla reduction triggers new phase in China EV price war

Li Auto on Monday announced price cuts of about 6-7 per cent across its lineup after Elon Musk’s EV maker slashed prices this weekend

Elon Musk: Tesla chief executive, has ordered up the company’s biggest layoffs ever and staked its future on a next-generation, self-driving vehicle concept called the robotaxi. Picture: Getty

Tesla’s weekend move to slash prices across its range in China risks triggering a new round in the nation’s bruising price war, with Li Auto immediately responding with discounts and cash rebates on new models.

Li Auto on Monday announced price cuts of about 6-7 per cent across its lineup, with the L7 five-seat sport utility vehicle now starting from 301,800 yuan (€39,095).

People who have already ordered but not taken delivery of their cars ...