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
Toyota Tundra Owner Achieves the Second Million-Mile Milestone
[PCauto] The mileage often measures the quality and durability of a car, and Victor Sheppard and his two Toyota Tundra pickups have set a staggering record.With Victor Sheppard's dedication and careful maintenance of the Toyota Tundra, he successfully drove two different Tundra pickups over 1 million miles (approximately 1,609,340 kilometers).In 2007, Sheppard bought a brand new Toyota Tundra CrewMax. Over the next nine years, as a contractor, he worked across the United States, from Louisiana t
BYD YANGWANG U7 Launches with World's First Suspension Charging Tech
[PCauto] On March 27, BYD YANGWANG U7 was launched, with two power versions of pure electric and plug-in hybrid, a total of four models. YANGWANG U7 EV Five-seater Luxury Edition, priced at about 292.85 million baht/RM38.31 YANGWANG U7 EV Four-seater Flagship Edition, priced at about 330.04 million baht/RM43.19 YANGWANG U7 PHEV Five-seater Luxury Edition, priced at about 292.85 million baht/RM38.31 YANGWANG U7 PHEV Four-seater Flagship Edition, priced at about 330.04 million bah
HAVAL H6: A Balanced Performer and a Reliable Choice for Family SUVs
Price of HAVAL H6HAVAL H6 has a total of 1 submodel.• 2024 HAVAL H6 HEV priced at RM 139,800Driving experience of the HAVAL H6As for the power, the HAVAL H6 is equipped with a 1.5L 4-cylinder turbocharging source, delivering a maximum power output of 110 kW and a peak torque of 230 N·M, with maximum torque available at 1500-4000 rpm. The power is transmitted to the Front Wheel via an AT transmission, achieving a combined fuel consumption of 5.8 L/100km. This p
Toyota Expands PHEV Lineup with Crown Estate Launching in Japan
【PCauto】Toyota has launched the new Crown Estate model in Japan. The Estate is the fourth model in the Crown series, and a plug-in hybrid version is also available.The Crown Estate combines design elements of station wagons and SUVs. It's built on the TNGA-K platform and has elegant body lines and spacious interior space. The vehicle's exterior design is exquisite, with the iconic hammerhead front face paired with large-size alloy wheels, showing the temperament of the Crown. In terms of body si
BYD Rolls Out Software Update for Second-Generation Yuan Plus, Introducing Sentinel Mode
【PCauto】Recently, BYD began to push the functionality of Sentinel Mode to the second-generation Yuan Plus (Atto 3). The second-generation Yuan Plus was launched on March 5th, and just over ten days later, it received its first major software update. As an entry-level pure electric vehicle model, Yuan Plus can have DiPilot 100 as intelligent driving and sentinel mode, which undoubtedly greatly enhances its cost-effectiveness.Yuan Plus, based on BYD e-platform 3.0 (BYD e - platform 3.0), is equipp
Popular Cars
Car Compare