by Morton E. . Nov 15, 2023

Tesla Model 3 Highland and Model Y RWD Receive Minor Price Increase In China

Image Credit: Tesla/X

Electric vehicle (EV) giant Tesla has implemented minor price increases for the Model 3 and Model Y Rear-Wheel Drive (RWD) variants in China, reflecting a dynamic pricing strategy in the world's largest auto market.

Effective immediately, the entry-level Model 3 RWD now starts at RMB 261,400 (approximately $35,800), a slight increase of RMB 1,500 from its previous price of RMB 259,900. Similarly, the Model Y RWD's starting price has been raised to RMB 266,400 (approximately $36,500), up from RMB 263,900.

These price adjustments come on the heels of similar price hikes for Tesla's Long Range Dual Motor All-Wheel Drive (AWD) variants last week. The Model 3 Long Range Dual Motor AWD now starts at RMB 297,400 (approximately $40,700), while the Model Y Long Range Dual Motor AWD starts at RMB 302,400 (approximately $41,400).

Why It Matters: Tesla's pricing strategy in China has been somewhat fluid in recent months, with the company lowering starting prices for the Model Y Long Range and Model Y Performance by RMB 14,000 in August. However, just two months later, on October 27, the Model Y Performance's starting price was raised back up by RMB 14,000.

Despite these recent price fluctuations, Tesla appears to be maintaining strong momentum in the Chinese market. In October, the company sold a total of 72,115 vehicles in China, with 43,489 exported and 28,626 sold domestically. The Model 3 contributed 7.94% to Tesla's October sales in China, while the Model Y accounted for an impressive 92.06%.

The Big Picture: China is a critical market for Tesla, and the company's recent price adjustments suggest that it is confident in its position there. The company may be testing the market's elasticity to price changes, and it will be interesting to see if these latest price increases affect demand for the Model 3 and Model Y RWD variants.

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

Hanshhow Tesla Model 3/Y F68 CarPlay Dashboard Touch Screen: Powered by a high-performance Linux system, our F68 dashboard touch screen features support for Carplay and 5G connectivity. Its stunning 6.86-inch 2.5D HD screen displays vibrant and clear graphics, and its touchscreen interface provides quick access to apps and other functions.

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!

Follow us on social media!

Leave a Comment

Your email address will not be published.


Sign up to receive the latest Tesla news and SpaceX news

Popular posts

Explore more