Tesla has unveiled the most affordable version of its Model Y crossover for the Chinese market, the price of which was reduced due to local production and government subsidies.
The new Tesla Model Y is priced at $ 42,600, with orders starting today. The new version can travel up to 525 km on a single charge. Since it costs less than 300,000 yuan ($ 46,000), it is eligible for a certain government subsidy for electric vehicles. The price of this car is only 10% higher than that of the base version of the Chinese-made Tesla Model 3, and deliveries will begin as early as next month.
China has the world’s leading market for new energy and is the first market outside the US where Tesla has local production. The company will continue to invest in China and fulfill its corporate mission to accelerate the world’s transition to sustainable energy and help achieve the goal of reducing CO2 emissions.
Tesla
Tesla Model Y, according to CEO Elon Musk, could surpass all other cars produced by the company in popularity. In June, the China Passenger Car Association predicts an increase in interest in larger vehicles. Consulting firm Sino Auto Insights also predicts excellent Tesla Model Y sales in China this year.
Sales of the Model Y with an extended range (about 600 km), which costs from 54 thousand dollars in China, increased from 5,520 units in April to 12,785 in May.
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