On July 1, Tesla China's official website revealed an update to the long-range all-wheel-drive versions of the Model 3 and Model Y. The price of the Model 3 Long-RangeRMB 10,000RMB 285,500Model Y Long-RangeRMB 313,500.
The updated versions offer improved range. The Model 3 Long-Range AWDCLTC range of 753 km0–100 km/h acceleration time of 3.8 seconds. The Model Y Long-Range AWDCLTC range of 750 km.
Both models are equipped with a newly designed battery pack. Although the battery capacity remains the same, the , and vehicle-wide optimizations have resulted in extended driving range. The new battery is also expected to offer . Notably, the Model 3's improved acceleration was achieved standard.
This is not the first time Tesla has raised prices in China. In 2023, Tesla adjusted its prices . In April last year, the Model Y's price increased by RMB 5,000RMB 19,000. However, Tesla China has also reduced prices multiple times in the past. Two years ago, it initiated a price war by slashing prices across the entire Model 3 and Model Y lineup.
. Tesla's Vice President of External Affairs, cost-based pricing. She emphasized that behind every price adjustment lies a vast number of engineering innovations. These include vehicle integration design, production line optimization, supply chain management, and even millisecond-level robotic coordination-forming what she described as a unique and optimal law of .
Nonetheless, Tesla continues to face intense market competition. According to data from the 61,662 units in May15% year-on-yeareighth consecutive month of year-over-year sales decline.
