Last week, Chinese EV manufacturer NIO debuted its first commercially available model, the ET7. With a price tag of around RMB 448,000, the ET7 is noted by various media outlets as being more expensive than Tesla’s Model Y in the domestic market. In an effort to expand its market share in China, Tesla is offering its electric SUV — the Model Y — at RMB 339,900. However, this low price applies only to the vehicles made at Tesla’s production plant in China. ...  more
Responding to Tesla’s Promotion in China, NIO Says Competitor’s Low Price Reflects True Value of Its Cars |
| published: 2021-01-22 18:30 |