Posted on Sep 3, 2023
Tesla releases refreshed Model 3 with longer driving range in China
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Tesla on Friday unveiled a restyled, made-in-China Model 3 with a longer driving range, the first time the automaker has launched a new model in China ahead of the United States.
The new model, which is being built at Tesla’s Shanghai plant, comes with a starting price 12% higher than the previous, base model in China. It will also be exported to other markets in Asia, Europe and the Middle East.
At the same time, Tesla cut the prices for its premium Model S and Model X by between about 14% and 21%, in China and the U.S., its two biggest markets.
Raising the base price on the Model 3, Tesla’s top-selling model after the Y, could help protect margins. But the price cuts for its higher-end models underscored the continued pressure EV makers face, especially in China where Tesla sparked a price war with Chinese rivals including industry leader BYD earlier this year.
The new Model 3 is Tesla’s first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020.
The new model, which is being built at Tesla’s Shanghai plant, comes with a starting price 12% higher than the previous, base model in China. It will also be exported to other markets in Asia, Europe and the Middle East.
At the same time, Tesla cut the prices for its premium Model S and Model X by between about 14% and 21%, in China and the U.S., its two biggest markets.
Raising the base price on the Model 3, Tesla’s top-selling model after the Y, could help protect margins. But the price cuts for its higher-end models underscored the continued pressure EV makers face, especially in China where Tesla sparked a price war with Chinese rivals including industry leader BYD earlier this year.
The new Model 3 is Tesla’s first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020.
Tesla releases refreshed Model 3 with longer driving range in China
Posted from nbcnews.com
Tesla Motors
China
Driving
Cars
Posted 8 mo ago
Responses: 2
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PO1 William "Chip" Nagel
..."Tesla cut the prices for its premium Model S and Model X by between about 14% and 21%, in China and the US - its two biggest markets.
Raising the base price on the Model 3, Tesla's top-selling model after the Y, could help protect margins. But the price cuts for its more premium cars highlight the intense competition EV makers face, especially in China.
To bolster its market share, the automaker led by Elon Musk has started a price war this year that has boosted deliveries but sent its industry-leading margins to a four-year low.
Tesla's much-touted FSD, whose technology has been in the crosshairs of regulators over safety concerns, will now cost US$12,000.
China-first debut
The new Model 3 is Tesla's first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020.
Tesla did not announce a launch date for the new Model 3 in the US market, where it currently offers discounts of more than US$5,000 (RM24,000) on some of those vehicles in inventory. The Model 3 is also assembled in Fremont, California.
Tesla plans to debut the latest Model 3 at a trade fair in Beijing on Saturday and some of its new features, including a rear display for back-seat passengers, seemed aimed at Chinese car buyers."...
..."Tesla cut the prices for its premium Model S and Model X by between about 14% and 21%, in China and the US - its two biggest markets.
Raising the base price on the Model 3, Tesla's top-selling model after the Y, could help protect margins. But the price cuts for its more premium cars highlight the intense competition EV makers face, especially in China.
To bolster its market share, the automaker led by Elon Musk has started a price war this year that has boosted deliveries but sent its industry-leading margins to a four-year low.
Tesla's much-touted FSD, whose technology has been in the crosshairs of regulators over safety concerns, will now cost US$12,000.
China-first debut
The new Model 3 is Tesla's first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020.
Tesla did not announce a launch date for the new Model 3 in the US market, where it currently offers discounts of more than US$5,000 (RM24,000) on some of those vehicles in inventory. The Model 3 is also assembled in Fremont, California.
Tesla plans to debut the latest Model 3 at a trade fair in Beijing on Saturday and some of its new features, including a rear display for back-seat passengers, seemed aimed at Chinese car buyers."...
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Interesting information on the Tesla Model 3 and resulting additional price changes in other models! Thanks for sharing this, PO1 William "Chip" Nagel!
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