The price of 's new SUV Model Y in China has been announced with its three versions priced from an estimated CNY 444,000-535,000.

The Model Y rear-wheel-drive long-endurance version is priced at 444,000 yuan, with a range of 540 kilometers (estimated by WLTP), a maximum speed of 209 km/h, and an acceleration of 0-100 km/h in 5.8 seconds.

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The dual-motor all-wheel-drive long-endurance version is priced at 488,000 yuan, with a range of 505 km (estimated by WLTP), a maximum speed of 217 km/h, and an acceleration of 0-100 km/h in 5.1 seconds.

The dual-motor all-wheel-drive Performance high-performance version is RMB 535,000, with a range of 480 kilometers (estimated by WLTP), a maximum speed of 241 km/h, and an acceleration of 0-100 km/h in 3.7 seconds.

Model Y is built on the same platform as Model 3, sharing 75% of parts, and the body size is 10% larger than Model 3.

Tesla said Model Y production will begin in 2021.

The price of the upgraded version of the standard rang Model 3 has been cut from 355,800 yuan to 295,000 yuan, according to Tesla China.