AsianFin -- Tesla has begun taking orders for its new Model Y L in China, with prices starting at 339,000 yuan ($47,200), according to the company’s website on Tuesday. The move comes as Tesla updates its product line-up in the world’s largest auto market amid intensifying competition.
The Model Y, first launched in 2020, became the world’s best-selling car in 2023. But sales momentum slowed last year, pressured by rising competition from Chinese automakers such as Xiaomi’s YU7, while demand for electric vehicles has softened in other markets.
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