Tesla has announced a price reduction of 10,000 Yuan on its Model Y, sparking reactions from the market.
Industry experts suggest that this price reduction could intensify market competition, prompting responses from many automotive manufacturers.
Some car owners express opposition to this decision, believing that a price cut could adversely affect the value of used cars.
As the automotive market reacts, it remains to be seen how other manufacturers will respond to Tesla’s aggressive pricing strategy and what impact this will have on the overall market dynamics.
