Part 2/8:
Chinese automakers are facing a tumultuous year ahead, with some manufacturers potentially facing total collapse. In a stark reflection of a tough market environment, traditional giants like Tesla are responding with significant price cuts, demonstrating the fierce competition to maintain market share. Tesla's recent announcement of substantial discounts on Model 3s, including an insurance subsidy of ¥8,000 (approximately $1,100), exemplifies the aggressive pricing strategies being deployed. Additionally, the company is implementing a 5-year interest-free payment plan, aiming to attract more consumers amidst evolving market dynamics.