Ford slashes prices of Mustang Mach-E in China
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Ford (NYSE:F) has slashed the price of its Mustang Mach-E models in China by as much as RMB 28K, CnEVPost reported on Monday.
According to an announcement from the company's China EV division, the entire Ford Mustang Mach-E lineup will undergo a price adjustment starting Oct. 31, 2022.

The Mach-E, which comes in four versions, will be priced between RMB 249,900 to RMB 369,900, down from the previous range of RMB 275,900 to RMB 389,900.
The price adjustments come after Tesla (TSLA) also cut prices in the country. The Mach-E is a competitor to Tesla's Model Y.
Tesla (TSLA) lowered prices of its Model 3 and Model Y range in China with the entry-level cost going down from RMB 316,900 to RMB 288,900.
Ford shares were down around 1% in premarket hours