China’s EV War Just Got Fiercer as Tesla and XPeng Dial It Up

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Geely Automobile Holding Ltd.’s Zeekr EV brand filed paperwork to go public in the U.S.

(Bloomberg) — The electric vehicle price war in China is getting even uglier as top players like Tesla Inc. launch new models and others aggressively cut prices to counter slowing growth in the world’s biggest auto market.

Tesla became the latest to kick things off Friday when it unveiled its highly anticipated revamped Model 3. Minutes later, Elon Musk’s company slashed prices across its range of Model S and X cars in China and the U.S.