Tesla reportedly to cut prices further in China after previous moves failed to get enough orders

[Beast]

Tesla reportedly to cut prices further in China after previous moves failed to get enough orders

Tesla's two promotions in China over the past two months have not had the desired effect, local media said.

cnevpost.com

After two recent promotions in China, Tesla's order intake still fell short of expectations and it will launch new "price cuts" before the end of the year to boost sales, local tech media Huxiu said in a report today, citing unnamed channel sources.

On October 24, Tesla lowered the prices of its entire Model 3 and Model Y lineup in China, bringing the price of the entry-level Model Y to within RMB 300,000 yuan ($41,940) to take advantage of China's new energy vehicle (NEV) purchase subsidy, which will expire at the end of the year.


On November 8, Tesla announced that consumers who purchase a Model 3 and Model Y that have been produced by December 31 and have car insurance from Tesla's insurance partners will receive a discount of up to RMB 8,000 on the final payment.

However, the two rounds of promotions did not give Tesla the desired effect, the Huxiu report said.

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The price cut in late October gave Tesla about 50,000 new orders in China, not the 100,000-170,000 rumored on the Internet, the report said, citing Sun Shaojun, founder of Che Fans, a car consumer platform.

Tesla's new orders in China are currently performing much worse than before, averaging just a few per store per day, the report said, citing unnamed agencies.

As an electric vehicle that has been on the market for more than six years and has largely gone through no facelift or changeover, the Model 3 is becoming less competitive in the increasingly crowded Chinese market, the report said.

The report blames the lackluster results of Tesla's two latest promotions on the company's failure to pay enough attention to competition from other players.

Tesla China has so far failed to establish a full market research team, as other car companies have done, in order to provide timely and effective strategies for the company's decision-makers and sales staff to respond to competitor dynamics, the report said.

@F-22Raptor
@Get Ya Wig Split
@Hamartia Antidote


I told u the good days of Tesla in China is shortlived. Hope this is enough to wipe off the smirk on your face to gloom look by end of the year..

 

[epebble]

Tesla reportedly to cut prices further in China after previous moves failed to get enough orders

Tesla's two promotions in China over the past two months have not had the desired effect, local media said.

cnevpost.com

After two recent promotions in China, Tesla's order intake still fell short of expectations and it will launch new "price cuts" before the end of the year to boost sales, local tech media Huxiu said in a report today, citing unnamed channel sources.

On October 24, Tesla lowered the prices of its entire Model 3 and Model Y lineup in China, bringing the price of the entry-level Model Y to within RMB 300,000 yuan ($41,940) to take advantage of China's new energy vehicle (NEV) purchase subsidy, which will expire at the end of the year.


On November 8, Tesla announced that consumers who purchase a Model 3 and Model Y that have been produced by December 31 and have car insurance from Tesla's insurance partners will receive a discount of up to RMB 8,000 on the final payment.

However, the two rounds of promotions did not give Tesla the desired effect, the Huxiu report said.

Join us on Telegram
The price cut in late October gave Tesla about 50,000 new orders in China, not the 100,000-170,000 rumored on the Internet, the report said, citing Sun Shaojun, founder of Che Fans, a car consumer platform.

Tesla's new orders in China are currently performing much worse than before, averaging just a few per store per day, the report said, citing unnamed agencies.

As an electric vehicle that has been on the market for more than six years and has largely gone through no facelift or changeover, the Model 3 is becoming less competitive in the increasingly crowded Chinese market, the report said.

The report blames the lackluster results of Tesla's two latest promotions on the company's failure to pay enough attention to competition from other players.

Tesla China has so far failed to establish a full market research team, as other car companies have done, in order to provide timely and effective strategies for the company's decision-makers and sales staff to respond to competitor dynamics, the report said.

@F-22Raptor
@Get Ya Wig Split
@Hamartia Antidote


I told u the good days of Tesla in China is shortlived. Hope this is enough to wipe off the smirk on your face to gloom look by end of the year..

It may be to qualify for subsidy. These EV prices are not fair market prices due to all the government interventions. Once they are free from distortions, they are more comparable. This is also the problem with Solar panels. Hard to evaluate proper return on investment due to all the complex tax interventions.

 

[Beast]

It may be to qualify for subsidy. These EV prices are not fair market prices due to all the government interventions. Once they are free from distortions, they are more comparable. This is also the problem with Solar panels. Hard to evaluate proper return on investment due to all the complex tax interventions.

The subsidies will end by end of this year. Nothing to do with subsidies. Tesla product is out of touch with growing reality of EV. Cutting price instead of innovative and improving product quality, is the only solution Tesla can come up with.

 

[Beny Karachun]

The subsidies will end by end of this year. Nothing to do with subsidies. Tesla product is out of touch with growing reality of EV. Cutting price instead of innovative and improving product quality, is the only solution Tesla can come up with.

Tesla's are both more innovative and of higher quality than any Chinese competitor.

 

[Super Falcon]

Tesla musk days of high end journey off now

 

[S10]

The whole economy is shit thanks to emperor Xi's shit tier management.

 

[Finer]

Tesla's are both more innovative and of higher quality than any Chinese competitor.

Tesla buildup quality is huge question mark. Being electric is what makes Tesla unique and first to launch but most of American vehicles assembled in China held up very well such as Buick so Chinese Automobile is actually improving its buildup quality.

 

[itsanufy]

BYD launched in India. I love their models, they are not a mass market model as its imported CKD form. They can catch a huge Indian market if they manufacture them locally.

 

[Viet]

Tesla reportedly to cut prices further in China after previous moves failed to get enough orders

Tesla's two promotions in China over the past two months have not had the desired effect, local media said.

cnevpost.com

After two recent promotions in China, Tesla's order intake still fell short of expectations and it will launch new "price cuts" before the end of the year to boost sales, local tech media Huxiu said in a report today, citing unnamed channel sources.

On October 24, Tesla lowered the prices of its entire Model 3 and Model Y lineup in China, bringing the price of the entry-level Model Y to within RMB 300,000 yuan ($41,940) to take advantage of China's new energy vehicle (NEV) purchase subsidy, which will expire at the end of the year.


On November 8, Tesla announced that consumers who purchase a Model 3 and Model Y that have been produced by December 31 and have car insurance from Tesla's insurance partners will receive a discount of up to RMB 8,000 on the final payment.

However, the two rounds of promotions did not give Tesla the desired effect, the Huxiu report said.

Join us on Telegram
The price cut in late October gave Tesla about 50,000 new orders in China, not the 100,000-170,000 rumored on the Internet, the report said, citing Sun Shaojun, founder of Che Fans, a car consumer platform.

Tesla's new orders in China are currently performing much worse than before, averaging just a few per store per day, the report said, citing unnamed agencies.

As an electric vehicle that has been on the market for more than six years and has largely gone through no facelift or changeover, the Model 3 is becoming less competitive in the increasingly crowded Chinese market, the report said.

The report blames the lackluster results of Tesla's two latest promotions on the company's failure to pay enough attention to competition from other players.

Tesla China has so far failed to establish a full market research team, as other car companies have done, in order to provide timely and effective strategies for the company's decision-makers and sales staff to respond to competitor dynamics, the report said.

@F-22Raptor
@Get Ya Wig Split
@Hamartia Antidote


I told u the good days of Tesla in China is shortlived. Hope this is enough to wipe off the smirk on your face to gloom look by end of the year..

I did a test drive a Tesla Y recently. Good driving, fantastic acceleration, good navigation, red light recognition, traffic control, ok electricity consumption. But too expensive for the price you pay for. If comparing to German made cars the quality is poor, cheap interior, cheap parts from steering wheel to back mirror to seats to music loud speakers, ugly outer design. I would not buy such cars.

 

[IblinI]

BYD launched in India. I love their models, they are not a mass market model as its imported CKD form. They can catch a huge Indian market if they manufacture them locally.

Try BYD Seal, it is the best seller in China right now.

 

[LakeHawk180]

Try BYD Seal, it is the best seller in China right now.

View attachment 899383

Without local manufacturing India wouldn’t be that profitable for BYD. An average Indian consumer wouldn’t shell out 30L+ for a Chinese car but they wouldn’t think as much when it comes to putting down 50L+ on a Toyota — which are again CKD kits.

 

[IblinI]

Without local manufacturing India wouldn’t be that profitable for BYD. An average Indian consumer wouldn’t shell out 30L+ for a Chinese car but they wouldn’t think as much when it comes to putting down 50L+ on a Toyota.

Not saying they would be success in foreign market anytime soon considering they just rise in domestic market in last few years.

 

[Beast]

Without local manufacturing India wouldn’t be that profitable for BYD. An average Indian consumer wouldn’t shell out 30L+ for a Chinese car but they wouldn’t think as much when it comes to putting down 50L+ on a Toyota — which are again CKD kits.

They buy Toyota becos it's cheap. Car are quiet useless in India becos traffic congestion is common. The most popular transport vehicle mode for indian is motorbike.

 

[Beny Karachun]

They buy Toyota becos it's cheap. Car are quiet useless in India becos traffic congestion is common. The most popular transport vehicle mode for indian is motorbike.

People buy Toyota's because of their reliability.

 

[Beast]

People buy Toyota's because of their reliability.

Lol. You raise the price of Toyota and see what happens. Consumer are forgetful.

They buy what is more pocket friendly and value to them. There is no brand loyalty anymore.

China car brand are now the most value in the world. Like it or not. Even the British who claim to hate Chinese want to buy Chinese MG4 like hotcakes.

BYD launched in India. I love their models, they are not a mass market model as its imported CKD form. They can catch a huge Indian market if they manufacture them locally.

Car is still not the mainstream in India. Modi need to build more roads and improve infrastructure to allow more car users. Having car while no increase of roads are useless to car owners.