by Morton E. . Nov 10, 2023

Tesla China Raises Prices of Model 3 and Model Y Long Range Variants

Image Credit: Tesla Asia/X

Tesla China has rolled out a price increase for the Model 3 and Model Y. Just as previously expected, the price increases were implemented on the vehicles’ Long Range Dual Motor All Wheel Drive variants. 

What's happening: Tesla China raised the prices of the Model 3 and Model Y Long Range variants on Thursday. The Model 3 Long Range received a RMB 1,500 ($206) price increase, while the Model Y Long Range saw a price adjustment of RMB 2,500 ($343).

Why it matters: The price increases for the Model 3 and Model Y suggest that demand for the two all-electric vehicles is healthy. It bodes well for the demand for the Model 3 Highland and the Model Y’s recent minor refresh. 

By the numbers:

  • The Model 3 Long Range now starts at RMB 297,400 ($40,819).
  • The Model Y Long Range now starts at RMB 302,400 ($41,507).
  • The price increase is only applicable to the Model 3 Long Range and Model Y Long Range variants. The Model 3 Rear Wheel Drive, the Model Y Rear Wheel Drive, and the Model Y Performance did not receive a price increase for now.

What's next: It is unclear whether Tesla will raise the prices of its other vehicles in China in the near future. However, speculations are high that the Model 3 and Model Y’s Rear Wheel Drive variants may also see a price increase. 

Here's what else you need to know:

  • Tesla China hinted at the price increase on social media days before it was implemented.
  • The company also confirmed to local news outlets that it was planning a price adjustment.
  • Local motoring news site Auto Home was reportedly even provided details, such as the date when the price increase will be implemented, as well as the fact that the adjustments will also be rolled out for the Model 3 Long Range.

Since it's the lead up to Black Friday, we're starting our promotions early! Check out some of these items from our shop!

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Hanshhow Model 3/Y Rear Entertainment and Climate Control Touch Screen Display H7: The H7 is one of our most popular items, and for good reason. Designed for the pre-Highland Model 3 and Model Y, this Android 12-powered system integrates seamlessly with the Tesla OBD port to provide entertainment and other critical functions to rear passengers. 

Hansshow Model 3/Y Yoke Steering Wheel (Inspired by Model X/S Yoke Style): This direct-fit replacement steering wheel features a yoke design that is inspired by the Model X and S, and it is made from high-quality materials that are sure to last. This is one of our best yoke steering systems, as each item is meticulously crafted to ensure that it is made with the best quality possible. 

A final word: Don't forget to place the code "HMORTON" upon checkout. This should give you 20% off your entire order from our online store. Do take note that this code applies to orders that are worth $80 and up. 

Check out some fresh items from our Tesla shop here!

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