Chinese customers who take delivery of already-produced vehicles of the Model 3 and Model Y by the end of March can get benefits including an insurance subsidy of RMB 8,000.
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In addition to offering cash discounts on select Model Y stock vehicles, Tesla is also allowing customers to get paid paint for RMB 2,000 that would otherwise sell for RMB 8,000 or RMB 12,000.
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The new Tesla Model 3 Performance is expected to go on sale in China in the second quarter, and its price tag will likely be close to RMB 400,000 yuan, according to local media.
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For the full year 2023, Model Y retail sales in China were up 44.74 percent year-on-year to 456,394 units, while Model 3 sales were up 18.33 percent year-on-year to 147,270 units.
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Customers who ordered a rear-wheel-drive version of the Model 3 that had already been produced between January 1 and January 31 will receive an insurance subsidy of RMB 6,000 yuan. The amount is lower than last month's RMB 8,000.
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As of now, the wait times in China for all versions of the Tesla Model 3 and Model Y are 2-6 weeks.
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Model Y retail sales in China in November were up 89.26 percent from October, and Model 3 was up 587.51 percent.
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Earlier today, Tesla raised the starting price of the Model Y Long Range in China by RMB 2,000, its fifth price hike in the country in the past month.
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This is a continuation of Tesla's price hike last week, when it raised the prices of the long-range versions of the Model 3 and Model Y slightly on November 9 in China.
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Tesla Model Y retail sales in China were down 36.39 percent in October from September, while Model 3 was up 9.33 percent.
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