Tesla sharply cuts prices of entire Model 3 and Model Y lineup in China
The entry-level, rear-wheel-drive Model 3 has an updated starting price of RMB 229,900 ($33,430) after subsidies, down 36,000 yuan from the previous 265,900 yuan, according to the latest information on Tesla's China website.
Tesla has cut the price of its entire Model 3 and Model Y by as much as 48,000 yuan in China in an attempt to boost demand in the world's largest electric vehicle market.
Tesla has sharply lowered the price of all its China-made models in an attempt to boost demand in the world's largest electric vehicle market.
Tesla has a factory in Shanghai that makes the Model 3 and Model Y. The company currently offers two versions of the Model 3 in China, and three versions of the Model Y.
The latest starting price for the dual-motor, all-wheel drive Model 3 Performance is RMB 329,900, down RMB 20,000 from the previous RMB 349,900.
The entry-level rear-wheel drive Model Y has an updated starting price of RMB 259,900 after subsidies, down RMB 29,000 from RMB 288,900.
The latest starting price for the two-motor all-wheel drive Model Y Long Range is $309,900, down $48,000 from $357,900.
The new starting price for the two-motor all-wheel drive Model Y Performance is RMB 359,900, down RMB 38,000 from the previous price of RMB 397,900.
USD$1.00 = $6.87 Yuan Renminbi approx
