Tesla Model 3

From January to November, Model Y retail sales in China increased 121.04 percent year-on-year, while Model 3 sales decreased 7.34 percent year-on-year.

The BYD Seal breaks the brand mould, from simple good value EVs to good-value, great-driving, great-styled EVs.

While the latest change appears to mean little change in wait times for Tesla models in China, the move is worth watching.

Tesla is working on a redesign of the Model 3 codenamed "Highland," with a focus on reducing the number and complexity of the model's interior, according to Reuters.

Faster deliveries from Tesla in China near the end of the year are expected to allow more local consumers to take advantage of the expiring state purchase subsidies.

Tesla produces new vehicles in the first half of each quarter primarily for export, and October's numbers continue that pattern.

All versions of Tesla Model 3 and Model Y are priced lower in China, with the entry-level Model Y dropping below RMB 300,000 and eligible for purchase subsidies.

Tesla's main selling model in China, the Model Y, is expected to see a price cut of up to RMB 40,000 ($5,616), bringing the starting price of the rear-wheel drive version of the Model Y down to possibly RMB 270,000 to 290,000, according to local media.

Due to the lower cost of CATL's M3P batteries, both Model 3 and Model Y have room for price reduction after using the new packs, according to local media.

From January to July, the Tesla Model Y remained at the top of the premium SUV sales rankings.