The Chinese media speculated that Ford’s decision to lower the price of the Mustang Mach-E in China was in response to Tesla’s plan to do the same with its vehicles in the same market.
Mustang Mash electric cars from Ford in China since 2021, and the car began last December, and the American company offers 4 models of which starts from 265 thousand yuan (more than 36 thousand dollars), and the value of the highest GT First Edition is 379 thousand yuan.
Ford made the choice to raise the cost of its vehicles by 7,000 Yuan to 22500 Yuan in May 2022, but as of October 31, the price reduction was from 20,000 Yuan to 28000 Yuan, or between 5% and roughly 10%.
According to the advertiser, the two qualified versions to obtain government subsidies (sports cars less than 300 thousand yuan) are available in the stock, which means that the production capacity exceeded the demand at a point, while the number of cars produced by the American company from Mustang Mash in China is still unknown. And if there are “a few thousand” estimations.
Tesla has reduced its car prices by 5% to 9%, and according to what was reported by Insideevs about Chinese media, there are many questions about if Ford has reduced its cars in response to the competitor’s step, although the Y Teltal is still less. The price of the other Ford models, which last month had the strongest sales in China.
Ford responds to Tesla’s price cuts for its electric vehicles in China.
About Author
