Tesla's Model Y to emerge disruptor as China EV sales zoom in 2021
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Dhaka, Jan. 13 -- New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla's Model Y pricing will emerge as a major disruptor in the world's biggest car market.
Tesla Inc, which became the world's most valuable car maker last year, started selling locally made Model Y SUVs in China this month, for almost a tenth less than gasoline-powered luxury cars with similar market positioning.
It set the starting price at 339,900 yuan ($52,376), or 10 per cent below official prices of Daimler's Mercedes GLC, BMW's X3 and Audi's Q5L - all locally made gasoline sport utility vehicles (SUVs) with similar size and positioning, reports Reuters.
"The pricing will disru...
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