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Tesla launches revamped Model Y in China, seeking to fend off rivals
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Tesla launches revamped Model Y in China, seeking to fend off rivals
Jan 9, 2025 6:28 PM

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)

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