Tesla’s been hard at work getting its Chinese Model Y creation going at the huge Gigafactory complex outside of Shanghai, and now, as indicated by a report distributed Thursday by Reuters, that difficult work has paid off.
The Big T has started deals of the Chinese-constructed Model Y at a beginning cost of 339,900 yuan (or $52,091.95 at current trade rates), which is in reality just $2,191 more than our adaptation of the Model Y Long Range.
Tesla’s pricing strategy for Model Y on the planet’s biggest market for vehicles is basic: undercut different folks. That is the reason Model Y will be marginally less expensive than offerings from Nio, for instance, which retails for what could be compared to $56,329.
Interestingly, while Tesla’s Model 3 gets the advantage of China’s electric vehicle subsidy, Model Y doesn’t qualify due to its cost. It’s likewise not absolutely evident whether there are plans underway to furnish the Model Y with the base Model 3’s less expensive lithium-iron-phosphate battery cells, which would, in theory, cut the cost down.
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