cheaper models – Charm

Tesla plans cheaper Model Y, self-driving upgrade to put brakes on China sales slide

Cs news4 months ago03 mins

The new Model Y variant will be 20 per cent cheaper than the existing editions, which are priced from 263,500 yuan (US$36,406) to 303,500 yuan, according to two people with knowledge of the matter. The US carmaker plans to start producing the car next year at its Shanghai factory. The company has also sent engineers…

Technology

Geely, Xpeng EV models threaten market leaders with cheaper, more intelligent cars

Cs news6 months ago03 mins

Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals, as buyers become more budget-conscious. Galaxy from Geely Auto and Xpeng’s Mona 03, which are priced at about 150,000 yuan (US$20,580), threaten to disrupt the pecking order in China’s EV sector. “Young, middle-income consumers favour…