Huawei AITO reduces prices

After Tesla reduced down the prices now Huawei AITO did the same. Here are all details.

Huawei AITO reduces prices
Huawei AITO reduces prices in order to compete with Tesla

Huawei-powered Chinese automaker AITO has announced a new price reduction of up to 30,000 yuan ($4,470). After Tesla reduced down the prices in Asia and Europe market Huawei also did the same. Both new and existing customers will be able to take advantage of the new prices and services starting on January 13, 2023, which falls on New Year's Day and is observed as Thanksgiving.

Huawei AITO reduces prices: best time to buy

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According to the specifics of the price reduction, the AITO M5 EV rear-wheel drive basic version will now cost 259,800 yuan, a decrease of 28,800 yuan (or $4,172). The M5 EV performance version with four-wheel drive will cost 4,470 yuan less, or 30,000 yuan less. Due to these price reductions, the M5 EV now costs the same as the rear-drive Tesla Model Y, and the luxury M7 version, which has a longer battery life, now costs the same as the Model Y. 

For 33,000 yuan (worth 12,000 yuan), all M5 EV owners will have access to 120,000 AITO points and an 8-year/160,000-kilometer warranty for the first owner, both of which are estimated to cost 21,000 yuan. The M7 Comfort Edition and Deluxe Edition owners will receive rights and interests worth 35,000 yuan, in addition to the same warranty and AITO points as the M5 EV owners. 

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