The US electric vehicle company Tesla has reduced the price of vehicles in China. A few days ago, the company's chief executive Musk said that most of the materials costs are declining, and the competition from local competitors is becoming increasingly fierceEssence

The Wall Street Journal reports that Tesla's price of Model Y and Model 3, which is sold in the world's largest electric vehicle market in China, has fallen by 9.4%.The current price of a standard model Y is equivalent to $ 39,880 (the same, about 56668 S $ 56668), about $ 43,750 before the price adjustment, and the long -range version of the discount is greater.A standard Model 3 price was about $ 36,710, which was reduced by about $ 1930.

The company has overcome production obstacles and the cost of input products is also decreasing, but under the circumstances of the global economic prospects, it is facing greater competition.The surge in sales of new energy vehicles has also promoted fierce competition for lithium; lithium is the key component of car batteries.

The above discounts have restored the price range of these models to the level near early March.Tesla and other Chinese auto manufacturers have raised prices many times in the past year, and adjusted according to the situation of rising costs; the price of lithium is almost three times the original, and the supply chain delay also troubles these companies.Tesla has increased the price of cars sold in the United States on the grounds of material and logistics this year.