Mercedes Slashes China EV Prices By Up to $33,000 as Sales Lag
Carmaker says it’s looking to reposition in competitive market
EQS monthly sales have dipped as low as 100 as locals dominate
Mercedes-Benz Group AG cut prices on two electric car models in China by as much as $33,000, as heated competition in the world’s biggest EV market impacts sales.
The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies to customers who recently bought the cars.