New Chinese Automaker Joins EV Price War in Australia

The new Ora Cat of Great Wall Motors is presented at the Paris auto show in Paris, France, on Oct. 17, 2022. Photo by Eric Piermont/AFP via Getty Images

The electric vehicle (EV) price war in Australia has intensified as the third Chinese automaker enters the race with a significant price drop.

Great Wall Motor (GWM), a Chinese car manufacturer, has announced it would slash $4,000 (US$2,700) from the entry model of its Ora, an electric hatchback, bringing the price down to $39,990.