Wei Li
@wlecon.bsky.social
Economist, PhD (Michigan), Expertise:
Chinese economy and business.
Chinese economy and business.
The Tesla exchange rate: USD 1 = CNY 5.86
The new Model Y (base) sells for 45,000 USD in the states, and 263,500 CNY in China.
Cars used to cost a lot more in China than in the US due to tariffs. But intense competition inside China has changed that, permanently.
The new Model Y (base) sells for 45,000 USD in the states, and 263,500 CNY in China.
Cars used to cost a lot more in China than in the US due to tariffs. But intense competition inside China has changed that, permanently.
January 19, 2025 at 3:04 PM
The Tesla exchange rate: USD 1 = CNY 5.86
The new Model Y (base) sells for 45,000 USD in the states, and 263,500 CNY in China.
Cars used to cost a lot more in China than in the US due to tariffs. But intense competition inside China has changed that, permanently.
The new Model Y (base) sells for 45,000 USD in the states, and 263,500 CNY in China.
Cars used to cost a lot more in China than in the US due to tariffs. But intense competition inside China has changed that, permanently.