Price Hike

The Yangwang U9 boasts 1,287 horsepower and can sprint from 0 to 100 km/h in 2.36 seconds.

Tesla has raised the price of the long-range Model 3 in China to RMB 285,500 and extended the range from 713km to 753 km.

The prices of all three variants of the Model 3 have gone up by RMB 3,600 ($490) in China, with the range of the entry-level version increased by 28 km.

Tesla has raised the prices of all three variants of the Model Y by RMB 5,000 in China, in contrast to the price cuts made by other EV makers in the ongoing price war.

With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media.

This is Tesla's seventh price hike in China in the past month, although each time it's for a different model.

Tesla has raised the Model Y Long Rang's starting price in China by RMB 2,000, the fourth price hike in the past month, although the moves are for different models.

Over the past month, Tesla has made three price hikes in China, albeit for different models.

This is a continuation of Tesla's price hike last week, when it raised the prices of the long-range versions of the Model 3 and Model Y slightly on November 9 in China.

Prices are going up because of rising costs, and if costs go down, prices could go down, a Tesla staff said.