Tesla Starts Taking Orders for Its New Model Y L in China from Around $47,200

THOMSON REUTERS08-19

Tesla Motors started accepting orders for its new Model Y L in China on Tuesday with a starting price of 339,000 yuan ($47,184), its website showed, as it refreshes its line-up in the world's largest auto market to battle growing competition.

Tesla first launched the Model Y in 2020 and it became the world's best-selling car in 2023. The ageing model lost some sales momentum last year, hurt by competition from local rivals in China such as XIAOMI-W's YU7, while in other markets demand for electric vehicles has weakened.

In January, Tesla launched a new version of the Model Y with a redesigned exterior and upgraded features in Asia Pacific markets and in July registered plans with Chinese authorities for the new Model Y L.

A longer-range, rear-wheel drive Model 3 is also coming to the Chinese market, according to filing information published on China's industry ministry website in July.

Elon Musk's Tesla registered an 8.4% fall in July sales of its China-made electric vehicles.

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Comments

  • Rainy777
    08-19
    Rainy777
    How clueless does Tesla have to be to expect sales in China and India just after the US government puts large tariffs on both countries?
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