Tesla launched the updated Model Y in China on October 1, with minor configuration updates and unchanged pricing. Deliveries of the new Model 3 have yet to begin.
(Image from Tesla Weibo)
Tesla (NASDAQ: TSLA) has begun deliveries of the new Model Y crossover in China, while deliveries of the revamped Model 3 sedan have yet to begin here.
Deliveries of the new Model Y have begun in China, and the SUV is the world's top-selling electric vehicle and continues to evolve, Tesla said in a Weibo post today.
Tesla's Weibo post didn't provide additional details, including a specific date for the model to begin deliveries in China.
Tesla launched the updated Model Y in China on October 1, with prices unchanged, still starting at 263,900 yuan ($36,120), but with minor updates to features.
There are three versions of the Model Y available in China -- the base Model Y with rear-wheel drive, the Model Y Long Rang with dual-motor all-wheel drive, and the Model Y Performance with dual-motor all-wheel drive.
The base Model Y saw improved range and acceleration, while the Model Y Long Rang saw improved range. Key specs information on the Model Y Performance remained unchanged.
In addition to changes to key specs, the new Model Y adds improvements including multi-colored ambient lighting, new dashboard trim, and new 19-inch wheels.
Model Y wait times in China remain unchanged today, with both the entry and Performance versions remaining at 2-6 weeks and the Model Y Long Rang remaining at 6-8 weeks.
Tesla has a factory in Shanghai that produces the Model 3 as well as the Model Y. Deliveries of the locally produced Model 3 and Model Y in China begin in January 2020 and January 2021, respectively.
On September 1, Tesla unveiled the revamped version of the Model 3, or Model 3 Highland, in China and began pre-sales of the model.
The new Model 3 pre-sale price starts at RMB 259,900, up from the RMB 231,900 starting price of the model previously on sale. Formal sales of the new Model 3 have not yet begun in China, with Tesla's website showing expected start dates for deliveries in the fourth quarter.
Tesla sold 74,073 China-made vehicles in September, including 43,507 sold in China and 30,566 exported, according to data released earlier this month by the China Passenger Car Association (CPCA).
The Model Y sold 41,428 units at retail in China in September, contributing 95.22 percent of Tesla's September sales in China.
Model 3 retail sales in China in September were 2,079 units, contributing 4.78 percent to Tesla's sales in China, a new low since October 2021.
($1 = RMB 7.3060)