Tesla launches refreshed Model Y in China to fend off domestic rivals
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Tesla has launched a refreshed Model Y in China, aiming to compete with domestic electric vehicle manufacturers. The new model is priced at 263,500 yuan ($35,935) and deliveries will start in March.
January 10, 2025 | 10:45 am
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Tesla has introduced a new version of the Model Y in China, priced competitively to challenge local EV competitors. This move could strengthen Tesla's market position in China.
The launch of a refreshed Model Y in China is a strategic move by Tesla to maintain its competitive edge in the world's largest EV market. By pricing the vehicle at 263,500 yuan, Tesla aims to attract more customers and fend off competition from domestic manufacturers. This could lead to increased sales and potentially a positive impact on Tesla's stock price in the short term.
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