{"id":39904,"date":"2023-01-09T09:03:59","date_gmt":"2023-01-09T14:03:59","guid":{"rendered":"https:\/\/autosector.com\/?p=39904"},"modified":"2023-01-09T09:03:59","modified_gmt":"2023-01-09T14:03:59","slug":"tesla-model3-modely-prices-china-january2023","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=39904","title":{"rendered":"Tesla Significantly Cut Model 3 And Model Y Prices In China"},"content":{"rendered":"

Tesla sharply reduced the prices for its Made-in-China (MIC) Model 3 and Model Y cars in China in an attempt to boost sales.<\/p>\n

This is the second price reduction in China within just over two months (the first one was 5-9 percent in late October<\/a>), and as far as we know, the most significant one to date.<\/p>\n

Before we jump into details, let’s note that the company sold fewer cars in China in December than a year ago<\/a>, had a\u00a0production break in December and plans another break in\u00a0 January (according to Reuters<\/em>)<\/a>, and has to deal with the end of EV subsidies in China from January 1, 2023 – 11,088 CNY ($1,635) for the most affordable BEV models. All of that is combined with increasing competition in the electric car segment and a challenging economy, which caused a fast decrease in the estimated order backlog<\/a>.<\/p>\n

As of January 6, 2023 prices of all Tesla Model 3 and Tesla Model Y from the Giga Shanghai plant were lowered in China.<\/p>\n

The scale of price cuts varies depending on the version – from 5.7 percent to 13.5 percent – on the consumer level (from the previous price, after subsidies). However, on the manufacturer level (what the company gets for its cars) the drop is as high as 17 percent (from a pre-subsidy price of the Tesla Model 3 RWD).<\/p>\n

This is a very significant difference, especially considering the previous price reduction in October, and the Tesla cars in China are now more affordable than ever.<\/p>\n

Tesla Model 3\/Model Y prices in China:<\/p>\n