Tesla pins hope on refreshed Model Y to regain share after sales dive in China

Quick Summary:

Orders for the revamped model, which starts from US$36,292 have crossed 200,000 units, according to Chinese tech site 36kr.

The wait for the long-range version is six to 10 weeks.“Tesla is playing catch-up with its Chinese rivals after losing market share to companies like BYD and Xiaomi,” said Eric Han, a senior manager at Suolei, an advisory firm in Shanghai.“The new version of the Model Y is certain to buoy sales in the near term, but the US carmaker will still face pressure to retain its share in this cutthroat market.

Tesla employees at the Shanghai Gigafactory 3 witness the 2 millionth vehicle roll off the production line on September 6, 2023.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Sales Tesla Model Production Shanghai Mainland Month Version Vehicle Deliveries Fell

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 09:55:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 242 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26934944

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