China car prices ‘well-supported’ after Tesla price cut

Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices.

“We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in China,” Harald Wilhelm, CFO of Mercedes-Benz group told CNBC’s Julianna Tatelbaum in response to a question on Tesla slashing prices.

“We are not shooting for the mass, we are shooting for the top end, for the luxury segment, and this one usually proves to be more resilient also in times of macro uncertainties or troughs.”

China is the largest market…