The price war in China for electric vehicles is getting worse after
introduced major price cuts in the world’s biggest EV market, following the example of its rival
(ticker: XPEV) lowered the sticker price on its G3i base models by 12.5%, or about $22,000, bowing to pressure after Tesla (TSLA) announced price cuts earlier this month. Other competitors, including
(MBG.Germany), have also recently slashed prices.