Tesla Offers More Discounts in China, This Time Until January 2023

Tesla customers in Shenzhen, China, can currently take advantage of a total of over ¥33,000 (about $4,732 USD) in subsidies when purchasing any of the company’s electric vehicles (EVs), according to notices issued by Tesla (via @Tslachan).

Combined, the available subsidies bring down the price of the base model Rear-Wheel Drive (RWD) trims of the Model Y and Model 3 in China to ¥266,900 and ¥243,900, respectively. This comes after the city of Shenzhen announced temporary government subsidies of ¥12,000 (about $1,720) for EVs leading into the Chinese New Year, which starts January 22, 2023.

The Shenzhen subsidy is available on a first-come-first-served basis for a limited number of orders placed between December 18, 2022, and January 31, 2023, as detailed in the (translated) notice below:

Earlier this week, Tesla started offering a ¥3,000 discount to the first 3,500 customers in Shanghai who take delivery of their vehicles by December 26, in a move meant to boost December deliveries.

Tesla provided a full breakdown of subsidies available to customers in Shenzhen right now, which you can see a translated version of below:

Customers in Shenzhen can currently avail ¥11,088 ($1,590) in state subsidies for new energy vehicles, a limited-time insurance subsidy of ¥4,000 ($573) from Tesla, a limited-time ¥6,000 ($860) discount on purchases from Tesla, and the ¥12,000 ($1,720) government subsidy announced by the Nanshan District in Shenzhen.

In the U.S., Tesla is currently offering a $3,750 discount on Model 3 and Model Y orders delivered this month so the automaker closes the year out with as many deliveries made as possible.

According to recent reports, Tesla plans to shorten shifts and cut back on hiring at its Shanghai Gigafactory this month due to waning demand for its EVs in the region.

Despite concerns over demand, though, the Model Y dominated China’s SUV category in November and the Model 3 was the best-selling China-made luxury sedan between January and November.