Tesla China hits snag in plan to increase Giga Shanghai’s capacity
Teslarati
JUNE 16, 2023
Tesla launched a price war in the auto market early in the year after significantly decreasing the starting price of the Model Y and Model 3. Some EV automakers followed Tesla’s lead and reduced their price tags, including Volkswagen AG and Mercedes-Benz Group AG. The price war led to domestic car makers like Xpeng Inc.
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