SHANGHAI, Jan 10 (Reuters) - Tesla launched a
revamped version of the Model Y, its best-selling car, in China
on Friday, hoping that upgraded features such as heated seats
and a better acoustics system will help it regain market share
taken by rivals such as Xiaomi ( XIACF ).
The new Model Y is priced from 263,500 yuan ($35,900),5.4%
more expensive than the previous version in China, Tesla's
second-largest market, the U.S. automaker said on its Weibo
social media account.
Tesla first launched the Model Y in 2020 and it became the
world's best-selling model in 2023. The aging model, however,
lost some sales momentum last year, hurt by competition from
Chinese rivals in China while in other markets demand for
electric vehicles has weakened.
It plans to launch a six-seat variant of the Model Y later
this year, sources have previously said.
Details about Tesla's plans for the revamped Model Y in
other markets were not immediately available.
($1 = 7.3314 Chinese yuan)