BEIJING, Aug 19 (Reuters) - Tesla Inc ( TSLA ) started
accepting orders for its new Model Y L in China on Tuesday with
a starting price of 339,000 yuan ($47,184), its website showed,
as it refreshes its line-up in the world's largest auto market
to battle growing competition.
Tesla first launched the Model Y in 2020 and it became the
world's best-selling car in 2023. The ageing model lost some
sales momentum last year, hurt by competition from local rivals
in China such as Xiaomi's ( XIACF ) YU7, while in other markets
demand for electric vehicles has weakened.
In January, Tesla launched a new version of the Model Y with
a redesigned exterior and upgraded features in Asia Pacific
markets and in July registered plans with Chinese authorities
for the new Model Y L.
A longer-range, rear-wheel drive Model 3 is also coming to
the Chinese market, according to filing information published on
China's industry ministry website in July.
Elon Musk's Tesla registered an 8.4% fall in July sales of
its China-made electric vehicles.
($1 = 7.1846 Chinese yuan)