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Tesla Fights Off Domestic Competitors by Launching the Updated Model Y in China

As the U.S. electric vehicle giant attempts to fight off challenges from local rivals, Tesla revealed a revised version of its well-liked Model Y in China on Friday.

Delivery of the Model Y is scheduled to commence in March, with a starting price of 263,500 Chinese yuan ($35,935). That represents a 5.4% increase over the previous Model Y’s starting price.

The new Model Y will not be released worldwide; it is only available for pre-sale in the Chinese market. Tesla’s Model Y update follows the automaker’s announcement this month of its first-ever yearly drop in 2024 total deliveries.

Source (CNBC)

SourceCNBC
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