New pricing for the China market was announced earlier today byTesla. The Model 3 and Model Y saw their prices slashed, while the high performance version of the Model S and Model Y were not previously sold in the market.
The lower priced models have been the subject of two pricing cuts by the company in the last three months. The Model 3 and Model Y were the subject of price cuts.
The price of the Model 3 has been reduced by over 50,000 dollars. The price of the Model Y has been reduced from $299,900 to $259,900. The Model S Plaid will cost over $115,000 and the Model X Plaid will cost over $120,000.
Less than expected worldwide vehicle shipment numbers were revealed in the company's most recent financial report. According to the China Passenger Car Association (CPCA), the total number of vehicles shipped byTesla in China in November was 55,796, a drop of 44% from the previous month.
According to the report, BYD and SAIC- GM-Wuling are the joint ventures of General GM in China. Over four to one, BYD delivered over two hundred thousand vehicles.
According to the association, SAIC-GM-Wuling Automobile Co, the joint venture of General GM in China making small budget EV, sold more than any other electric vehicle company.
There was growth in China over the course of the year. According to the report, over the course of the next two years, 50% more vehicles were delivered byTesla.
There was a temporary pause in production at the Shanghai plant in December.
There was a leadership shakeup at the China division ofTesla. Two days ago, it was reported that Tom Zhu was promoted to run its US assembly plants and sales operations. He's the second highest executive at the company. It is not clear if he will keep his current titles and duties.
All Rights Reserved © 2024
