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Tesla unveils upgraded Model Y in China to reclaim market share

share-iconFriday, January 10 comment-icon1 week ago 10 views
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reutersREUTERS
Tesla unveils upgraded Model Y in China to reclaim market share

Credited from: REUTERS

  • Tesla has introduced a new version of the Model Y in China, featuring a redesigned exterior and enhanced interior attributes.
  • The vehicle is priced at 263,500 yuan ($35,900), reflecting a 5.4% increase from its predecessor.
  • Deliveries are anticipated to commence in March, pending regulatory approval, with no details on other markets available.
  • Notable upgrades include a new light bar design and a long-range variant achieving 719 kilometres per charge, surpassing the previous 688 km.
  • Tesla's market share in China's battery electric vehicle sector fell to 10.4%, down from 11.7% in 2023, due to intense competition.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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