Faced with the increasingly fierce competition of Chinese electric vehicle companies, Tesla, an American electric vehicle giant, announced that it has reduced the price of the Chinese market by about 5%.

According to Bloomberg, Tellas reduced the price of the Chinese market by about 5%while increasing the output of the Shanghai plant, and some of the restructuring of the car price of this year was increased.

Tellas officially announced that from that day (October 24), the two major models Model 3 and Model Y are all reduced prices.After the adjustment, the Model 3 model starts at 265,900 yuan (RMB, the same below, the same, S $ 50,200); the starting price of Model Y model is 288,900 yuan (all the starting price after subsidy).The original price of Model 3 and Model Y was 279,900 yuan and 316,900 yuan, respectively.

Tesla faces the increasingly fierce competition of Chinese electric vehicle manufacturers such as BYD.It is also expanding the product lineup.According to the China Passenger Federation data, in the first seven months of this year, Chinese auto manufacturers accounted for nearly 80%of electric vehicle sales.

Yale ZHANG, managing director of Shanghai Consulting Company AutoforeSight CO, said: "This year's electric vehicle market is very competitive, Tesla's performance may not meet expectations, so the company decided to combat competitors through direct means of lowering prices to reduce competitors.In order to further boost sales in the last two months of this year. "

After the Shanghai plant expanded its capacity, Tesla sold a record of 83,135 cars in China last month, of which 5522 vehicles were sold in ChinaSold abroad.The Tesla Shanghai plant currently produces 1 million cars each year.