Tesla North had heard rumors on Chinese social media that speculated a price increase was incoming and it happened last night.
The latest adjustment sees the Model 3 RWD price increasing by ¥1,500, now starting at ¥261,400, and the Model Y RWD going up by ¥2,500, with a new starting price of ¥266,400.
This follows a previous price increase for the Model 3 and Model Y Long Range versions in China, which occurred on November 8. The trend of escalating prices began with the introduction of the Model 3 ‘Highland’ on September 1st.
Tesla’s Giga Shanghai factory is responsible for mass-producing the Model 3 and Model Y. The new Model 3 ‘Highland’ comes with a refreshed design while the Model Y includes some minor upgrades. Hopefully, these new cars and updates will soon make their way to North America, instead of just being in Asia and Europe and the Middle East.
You can see a chart of Tesla’s vehicle price history in China below, courtesy of Roland Pircher:
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