• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Tesla Updates Model Y in China Without Raising Price

by Ashmita Maria
October 2, 2023
in Automobiles, Cars, Clean Energy, Electric Vehicles, Future Tech, Sale, Tech
Reading Time: 2 mins read
0
Tesla Model Y
TwitterWhatsappLinkedin

Tesla’s China division made a significant announcement via WeChat, unveiling an updated Model Y that combines design and performance enhancements while maintaining the same initial price point, as reported by Reuters. This latest release follows Tesla’s recent introduction of the revamped “Highland” Model 3 in China, which subsequently made its way to the European market in the preceding month.

You might also like

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

Report: OpenAI and UAE Partner to Build Massive Data Center

 

Enhanced look and performance

A closer look at Tesla’s Chinese website reveals intriguing details about the improved Model Y. Notably, the car now boasts an impressive 0-100km/h acceleration time of 5.9 seconds, a slight improvement over its previous iteration. In addition to this, the vehicle receives new wheel designs and incorporates ambient LED lighting strips in the dashboard, akin to the refreshed Model 3.

 

Competitive Pricing Strategy

One of the standout aspects of the updated Model Y is its pricing strategy. Tesla has kept the base model’s starting price at 263,900 yuan, which approximately translates to $37,000. For those seeking enhanced range, a long-range variant is available for 299,900 yuan (approximately $42,000). Meanwhile, performance enthusiasts can opt for the high-performance version priced at 349,900 yuan (roughly $49,000). It’s essential to note that Tesla has not yet officially announced the updated Model Y or Model 3 for the U.S. market.

Moreover, Tesla’s strategic pricing approach maintains affordability for the base model while offering premium options for those who desire enhanced range and high-performance capabilities. By retaining the same starting price while providing incremental improvements, Tesla aims to cater to a wide spectrum of consumers and solidify its position in the competitive electric vehicle market.

It’s essential to note that Tesla has not yet officially announced the updated Model Y or Model 3 for the U.S. market. However, given the popularity of the Model Y in the United States, it’s likely that it will eventually introduce the updated model to the North American market.

 

Implications for the EV Market

Tesla’s strategic pricing approach with the updated Model Y is significant for several reasons. First, it maintains affordability for the base model, making electric vehicles more accessible to a wider range of consumers. Second, it offers premium options for those who desire enhanced range and high-performance capabilities.

The pricing strategy is likely to put pressure on other electric vehicle manufacturers, who may be forced to reduce prices or offer more competitive features in order to stay competitive. Overall, Tesla’s updated Model Y is a positive development for the electric vehicle market, as it makes electric vehicles more affordable and accessible to consumers.

 

Tesla’s choice to introduce an upgraded Model Y in China while maintaining the same starting price carries several strategic advantages. Firstly, it enhances accessibility to a broader consumer base, crucial for electric vehicle adoption given their relatively higher cost compared to traditional gasoline-powered cars. Secondly, it exerts pressure on Tesla’s competitors, compelling them to either lower prices or enhance features to remain competitive in a market where Tesla already holds a leading position. Thirdly, it reaffirms Tesla’s commitment to the Chinese electric vehicle market, the world’s largest, showcasing the company’s determination to sustain its leadership. This decision not only benefits Tesla but also accelerates electric vehicle adoption globally, contributing to a more sustainable future.

Tags: Highland Model 3Model YTesla ChinaTesla China sales
Tweet54SendShare15
Previous Post

Indian Billionaire, Harpal Randhawa dies with son Amer in Zimbabwe plane crash

Next Post

How To Monetize Facebook Page

Ashmita Maria

A detail-oriented and organized individual who believes in the power of bringing a change through research based policy-making. With an interest in the varied fields of development and labour economics, political writing and filmmaking, I write when I'm not intellectualizing my problems :)

Recommended For You

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

by Samir Gautam
May 18, 2025
0
Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

Antonio Filosa, the executive currently leading Stellantis’ U.S. operations, has emerged as the top contender to succeed outgoing CEO Carlos Tavares, according to reports from Bloomberg. As Stellantis...

Read more

DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

by Thomas Babychan
May 18, 2025
0
DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

India is preparing to enter a new era in military aviation with the development of its first fifth-generation stealth fighter jet, the Advanced Medium Combat Aircraft (AMCA). The...

Read more

Report: OpenAI and UAE Partner to Build Massive Data Center

by Sneha Singh
May 18, 2025
0
Report: OpenAI and UAE Partner to Build Massive Data Center

Tech giant OpenAI will be part of building what may be one of the world's biggest data centres in the United Arab Emirates, a Bloomberg News report published...

Read more
Next Post
How To Monetize Facebook Page

How To Monetize Facebook Page

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?