Thursday Jun 08, 2023

Tesla cuts China prices by up to 9% as analysts warn of ‘price war’

SHANGHAI, Oct 24 (Reuters) – Tesla (TSLA.O) has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market.

The price cuts, posted in listings on the electric vehicle (EV) giant’s China website on Monday, are the first by Tesla in China in 2022, and come after Tesla began offering limited incentives to buyers who opted for its insurance last month.

Shares of the Austin, Texas-based firm were down 4.9% at $203.9 in early

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Honda launches new U-GO electric scooter in China, Auto News, ET Auto

U-GO electric scooter
U-GO electric scooter

Beijing: Automobile and motorbike giant Honda’s Chinese arm Wuyang-Honda has added a new electric scooter, ‘U-GO Electric Scooter’, to its lineup in the Chinese market.

The U-GO e-scooter comes in two models that are ultra-affordable and purely designed for urban commute, GizmoChina reported on Sunday.

The new Honda U-GO electric scooter is presently available in China at a starting price of 7,499 Chinese Yuan ($1,150) while the standard version is priced at 7,999 CNY ($1,233).

The standard model has a 1.2 kW continuous-rated hub motor with a peak rating of 1.8 kW and a top speed of

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Unable to return home, Malaysian man tours China on his motorbike

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“Motorcycle touring” is becoming a big trend in tourism, especially in China, though the country’s rules

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