Tesla Announces Price Cuts for Model Y, Offers Insurance Subsidy for Model 3 in China
August 14, 2023: Tesla has officially announced a significant price adjustment for its Model Y electric vehicles in China. Starting today, the price of the Model Y Long Range version will be reduced from ¥313,900 to ¥299,900, and the Performance version will see a reduction from ¥363,900 to ¥349,900.
This strategic move is expected to make both the Long Range and Performance versions of the Model Y more competitive in the market. It also aims to potentially attract more consumers to opt for Tesla’s electric cars.
In addition to the price cuts, Tesla is rolling out a limited-time insurance subsidy offer for the Model 3. From August 14 to September 30, 2023, those who place an order for the Model 3 Rear-Wheel Drive version and complete the delivery, and purchase the corresponding vehicle insurance through partnering insurance agencies, will be eligible for an ¥8,000 insurance subsidy.