In a reversal following a series of hikes his year, Tesla (TSLA) is now cutting prices in China.

The automaker cut prices across the board for its offerings in China, with the entry-level Model 3 sedan dropping by nearly 5% to 279,000 yuan, and the entry level Model Y SUV’s price coming down by 9% to 316,000 yuan.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.