Due to fierce competition / slowing demand, US automaker Lucid cut the price of Air luxury cars.

CTOnews.com, Nov. 5 (Xinhua)-- US automaker Lucid this week cut the price of its Air series of luxury cars due to fierce competition and slowing demand for electric vehicles. As of November 30, CTOnews.com sorted out the following:

Air Touring: the price is reduced from $95000 to $87500 (currently about 640000 yuan), and the GT version is reduced by $10, 000 for $115600 (currently about 845000 yuan).

Air Pure: the price of the all-drive version has been reduced from $82400 to $74900 (currently about 548000 yuan), while the price of the rear drive version has not changed to $77400 (currently about 566000 yuan).

It is understood that Tesla has reduced the price of Lucid Air's rival Model S to $74990 (currently about 548000 yuan).

A price war on electric vehicles forced companies to prioritize sales over profits and reduced the average price of electric vehicles in September to $50683 (currently about 370000 yuan), according to a report by research firm Cox Automotive.