China: Tesla Lowers Mannequin Y Costs, Provides Mannequin 3 Insurance coverage Subsidy

Tesla has determined to tweak its Mannequin 3/Mannequin Y supply in China, doubtlessly to spice up gross sales outcomes and safe a robust third-quarter quantity.

The very first thing is that the corporate lowered the costs of the Mannequin Y Lengthy Vary AWD and Efficiency variations by about $1,929 (14,000 CNY), which respectively means a 4.5 p.c and a 3.8 p.c minimize.

Costs of the entry-level Mannequin Y RWD and each Mannequin 3 variations (RWD and Efficiency) stay unchanged for fairly some time now. The fundamental specs are additionally the identical as in early 2023.

Tesla Mannequin 3/Mannequin Y costs in China:

  • Mannequin 3 RWD (LFP): $31,944 (231,900 CNY) – no change
  • Mannequin 3 Efficiency: $45,718 (331,900 CNY) – no change
  • Mannequin Y RWD (LFP): $36,352 (263,900 CNY) – no change
  • Mannequin Y Lengthy Vary AWD: $41,310 (299,900 CNY) – down 14,000 CNY or 4.5%
  • Mannequin Y Efficiency: $48,198 (349,900 CNY) – down 14,000 CNY or 3.8%

Although the Mannequin 3 costs nonetheless stay the identical, it doesn’t imply that there is no such thing as a excellent news for purchasers. That is as a result of Tesla introduced a time-limited insurance coverage subsidy for the Mannequin 3 RWD from the present stock (vehicles already produced, however not but ordered by anybody). An enormous notice on the highest of the ordering web page says that ordering an current Mannequin 3 rear-wheel-drive model (between August 14 and September 30) will end in an insurance coverage subsidy (certified insurers solely) of 8,000 yuan (about $1,102).

Anticipated supply instances for brand new Tesla Mannequin 3 and Mannequin Y vehicles in China are very quick – 1-4 weeks for the Mannequin 3 and 2-6 weeks for the Mannequin Y.

It is difficult to say for certain, however there may be all the time an opportunity that the producer intends to clear its stock earlier than introducing the upcoming upgraded Mannequin 3 (aka Highland), which based on hypothesis and rumors, must be available on the market fairly quickly (some studies say about September).

By way of gross sales, based on the China Passenger Automobile Affiliation (CPCA), the general wholesale automobile shipments (native retail gross sales and export) of Made-in-China (MIC) Tesla Mannequin 3/Mannequin Y vehicles in July amounted to 64,285. That is 128 p.c greater than a 12 months in the past, but additionally the bottom month-to-month gross sales outcome to this point this 12 months.

Native retail gross sales amounted to 31,423 (up 271 p.c, up from a really low base a 12 months in the past), whereas export amounted to 32,862 (up 66 p.c). The Mannequin Y was liable for greater than two-thirds of all MIC gross sales.

Tesla MIC supply in China – August 14, 2023

MIC Tesla Mannequin 3 RWD (LFP):

  • Value: $31,944 (231,900 CNY)
  • Vary (CLTC): 556 km (346 miles)
  • 0-100 km/h (62 mph) in 6.1 seconds
  • prime pace of 225 km/h (140 mph)

MIC Tesla Mannequin 3 Efficiency:

  • Value: $45,718 (331,900 CNY)
  • Vary (CLTC): 675 km (420 miles)
  • 0-100 km/h (62 mph) in 3.3 seconds
  • prime pace of 261 km/h (162 mph)

MIC Tesla Mannequin Y RWD (LFP):

  • Value: $36,352 (263,900 CNY)
  • Vary (CLTC): 545 km (339 miles)
  • 0-100 km/h (62 mph): 6.9 seconds
  • prime pace of 217 km/h (135 mph)

MIC Tesla Mannequin Y Lengthy Vary AWD:

  • Value: $41,310 (299,900 CNY)
  • Vary (CLTC): 660 km (410 miles)
  • 0-100 km/h (62 mph): 5.0 seconds
  • prime pace of 217 km/h (135 mph)

MIC Tesla Mannequin Y Efficiency:

  • Value: $48,198 (349,900 CNY)
  • Vary (CLTC): 615 km (382 miles)
  • 0-100 km/h (62 mph): 3.7 seconds
  • prime pace of 250 km/h (155 mph)