Tesla reclaimed the crown from BYD.
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Category: Tesla Model Y
Another headache for Tesla Model Y in China. This time, quite serious.
The post Xiaomi YU7 detailed comparison with Model Y: Tesla China sales will get under more pressure in H2 appeared first on CarNewsChina.com.
The Xiaomi YU7 SUV will be launched in July, and surpasses the Tesla Model Y in multiple fronts.
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In the January-April period, Model Y retail sales in China stood at 101,873 units, down 19.61 percent year-on-year.
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Tesla's Shanghai Gigafactory completed the capacity ramp-up for the updated Model Y in six weeks, setting a new record for it.
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A three-row version of the Model Y with an extended wheelbase will likely begin production after the upcoming Labor Day holiday in China.
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Tesla has ramped up promotions for the updated Model Y in China, as competition in the EV industry gets fiercer.
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Tesla has expanded its three-year, interest-free financing in China to cover the long-range variant of the Model Y, which also saw its delivery wait time cut in half.
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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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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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