The electric vehicle (EV) price war in Australia has intensified as the third Chinese automaker enters the race with a significant price drop.
Great Wall Motor (GWM), a Chinese car manufacturer, has announced it would slash $4,000 (US$2,700) from the entry model of its Ora, an electric hatchback, bringing the price down to $39,990.
The price cut comes just a few weeks after the car model arrived in the country.
However, it is worth noting that the above pricing is not a drive-away cost, and buyers will have to pay for other on-road costs.
GWM cited a drop in the cost of battery materials and “other factors” for the sudden price reduction….