Tesla has raised the price of the Model Y Long Range version in China and started offering financing incentives for the other entry-level variant, probably aiming to balance orders for both variants.
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Category: Tesla Model Y
The lower-cost Model Y -- internally codenamed "E41" -- will be mass-produced at Tesla's Shanghai factory starting in 2026, according to Reuters.
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The "lower-priced Model Y" doesn't have much change in the core components, and the launch will depend on the performance of the updated Model Y, according to local media.
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Tesla also aims to launch Cybertruck in China in 2025.
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Tesla's facelifted Model Y has racked up 200,000 orders since it went up for pre-orders on January 10, albeit including a large number of refundable orders, according to local media.
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Pricing for the regular Model Y remains the same as the Launch Series, with the bonus extended warranty no longer available.
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Tesla has begun deliveries of its revamped Model Y in China, hinting that the model isn't afraid of competition from local rivals.
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Tesla began production of the facelifted Model Y on February 18 at its Shanghai factory.
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Deliveries of the facelifted Model Y in China will begin in late February, with the current Launch Series on sale for a limited time until February 28.
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The facelifted Model Y has entered a catalog of models eligible for purchase tax reductions in China, completing the full regulatory process.
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