Tesla appears to be back to its price-cutting tactics, and the competition is taking notice. Following Tesla’s weekend price reductions in China, domestic electric vehicle manufacturer Li Auto, Inc. (NASDAQ:LI) announced immediate price cuts on its entire EV lineup, excluding the new Li L6. Li Auto Responds: Li Auto’s price cuts range from 2.8% to 5.7%, according to CnEVPost, with the L-series extended-range models experiencing a 20,000 yuan ($2,761) reduction and the Pro models seeing a slightly smaller 18,000 yuan decrease. The company is also extending the new pricing to existing orders tha…
