Historically Lowest, the Chinese Tesla Model 3 Witnessed a Huge Price Drop, Starting at RM 152,800
LienApr 22, 2024, 06:12 PM
On April 21st, according to Tesla China's official website, the prices of all its models were reduced by 14,000 RMB. Among them, the starting price of Model 3 dropped from 245,900 RMB to 231,900 RMB, which is only 2,000 RMB away from the lowest historical price of 229,900 RMB. It was on January 6, 2023, Tesla Model 3/Y began to drastically cut prices, setting off the craziest "price war" in history. However, it's worth mentioning that the price reduction at that time was for the old Model 3, while today it is for the renewed Model 3, which has been improved in luxury, comfort, and continued journey. Therefore, objectively speaking, the current 231,900 RMB Model 3 renewal is more cost-effective than the old Model 3 at 229,900 RMB.
| Changes in Tesla Model 3 guide price (RMB) | ||
|---|---|---|
| Model | Original price (10 thousand RMB) | Adjusted price (10 thousand RMB) |
| Rear-wheel Drive | 24.59 (~RM 162,112) | 23.19 (~RM 152,882) |
| Long-range Four-wheel Drive | 28.59 (~RM 188,485) | 27.19 (~RM179,255) |
| Changes in Tesla Model Y guide price (RMB) | ||
|---|---|---|
| Model | Original price (10 thousand RMB) | Adjusted price (10 thousand RMB) |
| Rear-wheel Drive | 26.39 (~RM 173,981) | 24.99 (~RM 164,751) |
| Long-range Four-wheel Drive | 30.49 (~RM 201,011) | 29.09 (~RM 191,781) |
| Performance High Power Version | 36.89 (~RM 243,204) | 35.49 (~RM 234,095) |
The starting price of the Tesla Model Y has dropped from 263,900 RMB to 249,900 RMB, refreshing the lowest price in history. The previous lowest price was 259,900 RMB. At this price, the Model Y has seen a surge in sales, with monthly sales exceeding 50,000 units and hitting a high of 60,000/month. The cumulative sales in 2023 were 456,892 units, winning the sales champion of all types of models. However, in the first quarter of this year, the cumulative deliveries of Model Y were 100,366 units, a year-on-year increase of 6.04%, showing a slowdown in growth. Now with the price drop to 249,900 RMB, it is expected the sales will rise in a new round, further consolidating its leading position in the market.
| Price Change of Tesla Model X Guideline Price (RMB) | ||
|---|---|---|
| Model | Original Guideline Price (10,000 RMB) | Adjusted Sale Price (10,000 RMB) |
| Dual Motor All-Wheel Drive Edition | 73.89 （~RM 487,282） | 72.49（~RM 478,049） |
| Tri-motor All-Wheel Drive Plaid Edition | 83.89（~RM 553,229） | 82.49（~RM 544,112） |
| Tesla Model S Guideline Price (RMB) Changes | ||
|---|---|---|
| Model | Original Guideline Price (10,000 RMB) | Adjusted Sale Price (10,000 RMB) |
| Dual Motor All-Wheel Drive Edition | 69.89 （~RM 461,001） | 68.49（~RM 451,766） |
| Tri-motor All-Wheel Drive Plaid Edition | 82.89（~RM 546,750） | 81.49（~RM 537,516） |
Also, the starting price of the Tesla Model X has been reduced from 748,900 RMB to 724,900 RMB, and the starting price of the Model S has been reduced from 698,900 RMB to 684,900 RMB. These two models have seen multiple price reductions, with previous reductions exceeding 50,000 RMB. Even with such high discounts, sales of the Model X/S have been very bleak, and a further reduction of 14,000 RMB is like a drop in the bucket.
Overall, this 14,000 RMB reduction for the Tesla Model 3/Y has a significant impact on competitors in its class. It is estimated that major car manufacturers in China will also follow suit with discounts or promotions to consolidate their market competitiveness, so as not to be eroded by Tesla's market share.
If any infringement occurs, please contact us for deletion
Trending News
Proton X70 interior design fully revealed: Suitable for both home and business use
【PCauto】Proton X70, with its outstanding design, rich features, and affordable price, has quickly become a popular choice in the mid-size SUV market. As a C-segment SUV, the Proton X70 not only showcases modern and sporty aesthetics in its exterior, but its Proton X70 interior is also centered on "modern technology and comfortable experience," offering a high-quality driving environment.Whether for family users or business professionals, the Proton X70 can meet diverse needs. Next, we will compr
All-New Perodua Bezza Coming 2025: Built on Advanced DNGA Platform
html 【PCauto】Perodua has officially confirmed this year that it will launch a "fully redesigned model" (Full Model Change, FMC) within the year. FMC represents a comprehensive redesign of an existing model. Based on product life cycle analysis, among models like Axia, Bezza, Myvi, Alza, Ativa, and Aruz, excluding the relatively newer Axia, Alza, and Ativa as well as the seemingly shelved Aruz, Bezza and Myvi become the main candidates for a facelift.The Myvi underwent an update in 2023, while th
2025 Proton X50 Facelift: Major Upgrades & Possible 4-Cylinder Engine!
html [PCauto] The 2025 Proton X50 facelift is expected to hit the market in the third quarter. As Proton's core product in the B-segment SUV market, the new model will face challenges from competitors like the Honda HR-V. According to information, this facelift will feature comprehensive upgrades, particularly in design and powertrain, aligning closely with Geely China's Binyue L.To be modified based on the appearance of the Binyue LThe new front fascia will depart from the current mesh grille d
Tesla Ordered to Refund $10,600 per Owner over HW3's Incompatibility with FSD Upgrade
【PCauto】 The California court has ruled against Tesla in a recent class-action lawsuit, ordering the company to pay $10,600 to some early owners who bought the Full Self-Driving (FSD) package. Tesla will also need to cover legal costs. The case was brought by owners who say the company never delivered the FSD features it had promised.
Tesla HW5: 5X More Power, Coming 2026
html [PCauto] Tesla is preparing to produce the next-generation FSD hardware (HW5/AI5) and is already considering commissioning Samsung and TSMC for manufacturing.This new hardware system has a computational power target set between 2000 and 2500 TOPS (trillion operations per second), which is 4 to 5 times higher than the current HW4 system (approximately 500 TOPS) used in vehicles such as the Model Y, and over 17 times more powerful than the early HW3 platform (144 TOPS).This performance parame
Popular Cars
Car Compare