Standard Range Model Y makes a comeback in China
The standard-range version of the Model Y crossover starts from 276,000 yuan ($42,600) after government subsidies in China. Tesla began taking orders for the revived model on Thursday.
This latest version, which is also available in Hong Kong, has a range of 525 kilometres and, because of a price tag under 300,000 yuan, is eligible for a particular state new-energy vehicle subsidy. The price is also only 10% higher than Tesla’s basic locally-manufactured Model 3 sedan. Deliveries are expected to start as soon as next month.
The model is popular in China, as confirmed Sino Auto Insights consultancy: “Chinese consumers love SUVs and crossovers,” Tu Le, managing director of Beijing-based consultancy Sino Auto Insights said after Tesla recorded a brisk jump in Model Y sales in May. “I think the Model Y is going to do really well toward the end of this year.”
Following a profitable March, June showed even more success for the US American automobile manufacturer: Tesla sold a total of 33,155 China-made vehicles in June. Of these, 28,138 cars were sold on the local Chinese market, while the other 5,017 cars were exported.