Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022.SHANGHAI/BEIJING — Tesla Inc has increased the starting price of its Model Y crossovers by 0.8 per cent to 261,900 yuan in China, after the company's aggressive price cuts at the beginning of the year ignited demand.
Tesla raised the price for the rear-wheel drive version of Model Y by 2,000 yuan from 259,900 yuan previously, according to the price information listed on the company's Chinese website on Friday . The US automaker planned to step up output at its Shanghai plant over the next two months to meet demand stoked by aggressive price cuts on its best-selling models, Reuters reported previously.
Its market share in China's battery electric car sector rose to 12.5 per cent in January from nine per cent in December, according to a Reuters calculation based on industry data.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla, after recent cuts, raises starting price of Model Y in ChinaSHANGHAI/BEIJING : Tesla Inc has increased the starting price of its Model Y crossovers by 0.8 per cent to 261,900 yuan ($38,577.11) in China, after the company's aggressive price cuts at the beginning of the year ignited demand. Tesla raised the price for the rear-wheel drive version of Model Y by 2,000
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tesla, after recent cuts, raises starting price of Model Y in ChinaSHANGHAI/BEIJING :Tesla Inc has increased the starting price of its Model Y crossovers by 0.8 per cent to 261,900 yuan ($38,577.11) in China, after the company's aggressive price cuts at the beginning of the year ignited demand. Tesla raised the price for the rear-wheel drive version of Model Y by 2,000 yuan
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lucid joins Tesla-led EV price war with discounts on some Air modelsLucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started by market leader Tesla Inc.The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to gra
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Leonardo DiCaprio reportedly not dating 19-year-old French-Israeli modelKUALA LUMPUR, Feb 9 — Award-winning actor Leonardo DiCaprio is not dating 19-year-old French-Israeli model Eden Polani....
Source: YahooSG - 🏆 3. / 71 Read more »
Price dip sparks buying in key hubs, China premiums firmPhysical gold buyers in some Asian hubs were drawn to a dip in domestic prices this week, while central bank demand kept premiums firm in China. Local gold prices in India hit as low as 56,496 rupees per 10 grams from an all-time high of 58,826 rupees climbed last week.Demand from jewelers and reta
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US says China balloon 'fleet' is global as NATO joins concernWASHINGTON: The United States said Wednesday (Feb 8) that suspected Chinese spy balloons like the one it shot down were part of a 'fleet' that has spanned five continents, as NATO joined in voicing concern. Pointing to global ramifications of the incident that has animated the United States, Secretary of S Paranoia
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »