Daily Tech Roundup: Tesla Raises Model Y Prices in China
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Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.
Tesla raises Model Y prices in China
Tesla Inc. will increase the price of its popular Model Y crossover by 5,000 yuan ($694) in China, a move that offers rivals a temporary reprieve as a price war rages in the world's largest auto market. The price hike on the China-made vehicle will take effect April 1, Tesla confirmed with Caixin on Wednesday. Meanwhile, some of the extras offered by Tesla to its Chinese customers, including an 8,000-yuan insurance subsidy, will expire on March 31. Following the most recent price cut in January of up to 7,500 yuan, the Model Y starts at 258,900 yuan in China.
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