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20 Mar
08:36

Tesla China to start price increase from 1 April

Tesla China confirmed on Wednesday it will increase the price of its Model Y in China by CNY 5,000 ($695) on 1 April, despite intense competition and lower demand. At the same time, the current CNY 8,000/vehicle insurance subsidy for existing cars and the CNY 10,000/vehicle paint fee exemption will also expire on 31 March. Currently, the starting price of the Model Y rear-wheel drive version is CNY 258,900; the long-range all-wheel drive version is CNY 299,900; …
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