Tuesday, March 5, 2024

There is no Model Y model facelift plan in China this year

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According to news from CLS, there are no plans to introduce a facelifted version of the Tesla Model Y in the Chinese market for the current year. This statement aligns with earlier confirmations from Tesla’s North American operations, putting to rest speculation regarding potential updates to the popular electric SUV.

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The clarification came after Drive Tesla acquired an internal Tesla email emphasizing the absence of a facelifted Model Y for 2023. The email stated, “We must communicate transparently that there will not be a redesigned Model Y this year.” It further highlighted the present as “the best time to drive the world’s best-selling electric vehicle,” underscoring the advantages and incentives currently available for the electric SUV.

By entering 2024, Tesla will have already adjusted prices in both the Chinese and American markets. On January 12, Tesla China’s official website reflected a price adjustment for the Model 3 and Model Y, specifically for the rear-wheel drive and long-range versions. The price reductions varied between 6,500 yuan (904 USD) and 15,500 yuan (2,155 USD), setting the starting price of the Model 3 at 245,900 yuan (34,186 USD) and the Model Y at 258,900 yuan (36,000 USD).

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In November 2023, Tesla China made minor adjustments to the style of Model Y. Model Y adds multi-color ambient lighting to the interior, and uses high-quality technical textile materials for the dashboard trim; 19-inch Gemini wheels with updated exterior design; the rear-wheel drive version has a 100-kilometer acceleration capability compared to The previous model improved by 1 second to 5.9 seconds.

In the United States, Tesla’s official website indicated a temporary price reduction for the Model Y rear-wheel drive and long-range versions by 1,000 USD, bringing their prices down to 42,990 USD and 47,990 USD, respectively. These adjustments represented a 2.3% and 2% decrease from their previous prices. However, it was noted that prices are expected to increase by 1,000 USD or more starting March 1. The pricing for the Model Y Performance version and other models will remain unchanged.

The decision not to facelift the Model Y and these pricing adjustments have led some analysts to express concern. Without introducing a new version of the Model Y, Tesla may rely on significant price reductions to stimulate model sales in the Chinese market.

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Source: CLS.CN; iTHome

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