Huawei-Backed AITO Drops Prices in China, Following Tesla
On January 13, Huawei-backed electric vehicle brand AITO suddenly announced price reductions of 30,000 yuan ($4,462), bringing the cost of its M5 and M7 EVs down to 259,800 yuan and 289,800 yuan, respectively. The move is seen as a direct response to Tesla’s recent price reductions in the Chinese market.…
bubmagJanuary 13, 2023