Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Tesla raises prices in China and shrugs off price war
    Tesla
    Tesla
    Tech Trends

    Tesla raises prices in China and shrugs off price war

    By Jennifer YuApril 1, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • While the Model Y’s price has risen by 1.9% in China, analysts say the move is unlikely to affect sales.
    • The U.S. automaker isn’t worried about the fierce price wars that have brought tears to the eyes of China’s electric vehicle (EV) industry.

    Tesla has raised the price of its Shanghai-made Model Y car, breaking away from a price war between a host of local tram brands.

    Tesla raises prices in China

    According to Tesla’s local website, the base Y is now priced at 263,900 yuan (US$36,519), up 1.9% from the previous 258,900 yuan (US$35,808).

    The price of the Long Range version has increased by 5,000 yuan, 1.7%, to 304,900 yuan, while the price of the Performance edition has increased by 5,000 yuan, 1.4%, to 368,900 yuan.

    Prices for Model 3 cars assembled by Tesla at its Shanghai Gigafactory remain unchanged.

    “The small price hike will have a limited impact on Tesla’s sales as many Chinese consumers still believe in its technology and quality,” said the sales manager of the local automobile company.

    Also read: China’s Xiaomi joins the EV race with ‘dream car’ to take on Tesla

    Also read: BYD and other Chinese automakers will use Nvidia’s new in-vehicle chip ‘Drive Thor’

    Tesla withdraws from price war in China’s EV market

    Since February, BYD, the world’s largest electric car maker, has slashed the prices of almost all of its models by 5 to 20% as competition in the overcrowded Chinese electric car market intensifies.

    Many of BYD’s rivals, ­including Xpeng, Zeekr, and SAIC-GM-Wuling, General Motors’ three-way venture in China, have fol­­­­­lowed suit and reduced the prices of their bestselling models to compete in the cutthroat market.

    The price adjustment sends a clear message to China’s electric car market that the U.S. automaker isn’t worried about a fierce price war.

    BYD Tesla Xiaomi Xiaopeng
    Jennifer Yu

    Jennifer Yu is a reporter at BTW Media covering artificial intelligence and products. She graduated from The University of Hong Kong. Send tips to j.yu@btw.media.

    Related Posts

    T-Mobile drops DEI programmes as FCC scrutiny intensifies

    July 14, 2025

    Britain and France back Eutelsat with $1.65B to rival Starlink

    July 14, 2025

    Hong Kong boosts rural 5G with $25M rollout

    July 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.