Hyperdrive
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
The Mercedes-Benz AG EQS electric sedan at the Auto Shanghai 2021 show in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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.