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Latest news and trends about tech in China
GAC Toyota Motor is the latest car brand to cut prices on its electric cars in the face of increasing competition from Tesla and Chinese electric car makers. The company, a joint venture between the Japanese automaker and China’s GAC Group, on Feb. 9 cut the price of the base version of its bZ4X SUV, the first model in its new all-electric “Beyond Zero” (bZ) series, by RMB 30,000 ($4,403). Officials said some 2,391 units of the five-seat crossover, with a starting price of RMB 199,800, were sold from November to January. Local automakers such as Xpeng and Aito have followed suit after Tesla cut prices for its China-made vehicles by a maximum of RMB 48,000 early last month. [Jiemian, in Chinese]
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