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Hundreds of Tesla buyers staged protests after sharp price cuts Hundreds of Tesla buyers staged protests after sharp price cuts

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Hundreds of Tesla buyers staged protests after sharp price cuts in China

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Hundreds of Tesla owners gathered at the automaker’s showrooms in China over the weekend demanding discounts after the sudden price cut, Reuters reported. They think they overpaid for the cars.

Buyers didn’t think prices would be cut so drastically earlier this year. The planned expiration of the state subsidy at the end of 2022 also encouraged many to buy cars before the end of the year.

After unexpectedly announced discounts, prices for Tesla electric cars in China are now 13-24% below the autumn level. Analysts say Tesla’s move is likely to boost sales, which fell in December, and force other electric car makers to cut prices as well.

Hundreds of Tesla buyers staged protests after sharp price cuts in China

“This may be normal business practice, but a responsible enterprise should not behave this way,” one Tesla owner said on Saturday. He and other Tesla owners, who said they received delivery in the final months of 2022, said they were frustrated by Friday’s sudden price cut and Tesla’s lack of explanation to recent buyers.

The police arranged a meeting between Tesla employees and the assembled owners, where the car owners handed over a list of demands, including an apology and compensation or. Tesla employees agreed to respond by Tuesday.

Tesla has no plans to compensate customers who received shipments before the latest price cut, a Tesla China spokesman told Reuters on Saturday.

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BYD cuts prices on 100 models to beat Toyota and Volkswagen

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BYD cuts prices on 100 models to beat Toyota and

BYD is going to beat Toyota and Volkswagen by offering modern cars at very low prices. According to Bloomberg, the Chinese automaker has reduced prices on more than 100 of its electric and hybrid models.

For example, BYD’s new generation-changing Seagull hatchback now costs less than $10,000, while the manufacturer’s best-selling electric sedan, the Qin Plus, costs less than $11,000.

BYD announced the beginning of an era called “electricity is cheaper than oil”, when hybrid and pure electric models become as affordable as traditional models with internal combustion engines, or even cheaper.

BYD cuts prices on 100 models to beat Toyota and Volkswagen

In total, BYD has already relaunched more than 70 models with lower prices. According to Bloomberg, only the newest Yangwang supercar worth 233 thousand dollars has not fallen in price so far.

By lowering prices, BYD wants to convince drivers to ditch gasoline cars and switch to electric vehicles and hybrids. This aggressive pricing policy poses a real threat to Toyota, Volkswagen, Nissan and other manufacturers.

Previously, BYD Auto officially announced the production of its 7 millionth new energy vehicle, which turned out to be the Denza N7.

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This is Moskvich 5. The finished cars were photographed live

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This is Moskvich 5 The finished cars were photographed live

The Moskvich 5 crossovers (renamed Sehol X6/JAC JS5) appeared at the finished product site of the Moskvich automobile plant in Tekstilshchiki, as reported by the insider telegram channel Autopotok.

Back in mid-March, information appeared that the first cars had appeared at the Moskvich finished product site. Then the information was not confirmed by anything. Now there is photographic confirmation.

This is Moskvich 5.  The finished cars were photographed live

Earlier, the Moskvich press service reported that the assembly of the Moskvich 5 crossovers should begin in 2024; such cars are not yet on sale.

Car dimensions: 4505 x 1850 x 1698 mm, wheelbase size is 2665 mm. It is known that the car is equipped with a 1.5-liter turbo engine with a power of 149 and 184 hp, transmissions are a CVT or a 6-speed robot with two clutches. The drive is front-wheel drive.

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Both the new generation BMW M5 sedan and station wagon will be able to travel up to 70 km without using an internal combustion engine.

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Both the new generation BMW M5 sedan and station wagon

BMW CEO Oliver Zipse said that the BMW M5 sedan and station wagon in the new generation will become hybrids and will be able to drive without using an internal combustion engine.

More precisely, the new generation BMW M5 cars will be able to travel on electric power for up to 70 kilometers on the WLTP cycle. Residents of small towns will be able to avoid using fuel at all during their daily trips.

Both the new generation BMW M5 sedan and station wagon will be able to travel up to 70 km without using an internal combustion engine.

The cars will receive a battery with a useful capacity of 18.6 kWh, and the weight of the sedan will increase to 2443 kilograms, which will make it almost as heavy as the current BMW X5 M crossover.

The sedan will go into production in July, and the station wagon will be put on the assembly line in November.

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