Nov 21, 2023 05:39 PM

TECH

Tesla Hikes Price of Popular China SUV in Strategy U-Turn

By Ding Yi and An Limin

00:00

00:00/00:00

Listen to this article 1x

What’s new: Tesla Inc. has raised the price of one of its most popular models in China, continuing its reversal in pricing strategy in the world’s largest electric-vehicle (EV) market, where local rivals are scrambling to offer more affordable cars to attract customers.

The hike, effective Tuesday, is for the long-range version of the Model Y SUV. The version is now 2,000 yuan ($279) more expensive, retailing at 304,400 yuan, Tesla said in a social media post.

Register to read this article for free.

Register

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR