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Tesla cut EV prices in China more than BYD did for its flagship Han sedan this year,

BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.

Evelyn Cheng | CNBC

BEIJING — Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis Wednesday from U.S.-based firm JL Warren Capital.

Tesla reduced the price of its Model 3 by 6% compared to December last year, and cut the price of Model Y by 11% during the same period of time, JL Warren Capital CEO and Head of Research Junheng Li said in the report.

This article was originally published by a www.cnbc.com . Read the Original article here. .

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