- Pricing for the regular Model Y remains the same as the Launch Series, with the bonus extended warranty no longer available.
- Tesla has extended the Model 3's RMB 8,000 insurance subsidy and 5-year, 0 -interest financing package to March 31.
Tesla (NASDAQ: TSLA) began selling the regular version of its revamped Model Y crossover in China today at the same pricing as the Launch Series, with the latter's sales ending yesterday.
The US electric vehicle (EV) maker launched the facelifted five-seat Model Y in China on January 10 and began offering two variants it calls the "Launch Series," with deliveries starting on February 26.
The two variants include a rear-wheel-drive version with a starting price of RMB 263,500 yuan ($36,180) and a long-range all-wheel-drive version with a starting price of RMB 303,500 yuan.
The Model Y Launch Series was on sale for a limited time until February 28, and purchasers can receive an additional two-year or 40,000-kilometer extended warranty.
With the Launch Series no longer available, the bonus extended warranty is also no longer available.
Tesla's Chinese website began showing the estimated wait time for the revised Model Y today, instead of the end of February as previously shown.
Customers ordering the rear-wheel-drive version of the Model Y currently have to wait 2-4 weeks, while the long-range all-wheel-drive version is 6-10 weeks, according to CnEVPost's monitoring.
The Model Y is one of the models Tesla produces at its Shanghai factory, the other being the Model 3 electric sedan.
The current wait times for all three variants of the Model 3 is 1-3 weeks, the same as before.
Tesla has extended the RMB 8,000 insurance subsidy and the five-year, 0-interest financing package it offered last month to March 31, according to its China website.
The insurance subsidy applies to all variants of the Model 3, while the five-year, 0-interest financing package applies only to the lower-priced rear-wheel-drive and long-range all-wheel-drive versions, not to the performance version, as it did last month.
Tesla's other models are not built in China, and the Model S sedan and Model X SUV (sport utility vehicle) are sold in the country as imports, with expected delivery dates remaining at 3-8 months.
At the end of last month, Tesla began pushing out software update version 2024.45.32.12 to eligible vehicles in China, bringing advanced smart driving features similar to FSD (Full Self-Driving).
($1 = RMB 7.2838)
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