Tesla Model Y
China-made entry-level Model Y expected to drop to RMB 275,000, analysts say
From Tesla's pricing strategy overseas, the price difference between Model Y and Model 3 is only 6-9%, so after the China-made Model Y goes into production, the Model Y's entry price is expected to drop to 275,000 yuan ($40,860), Tianfeng Securities said in a recent research paper.
Tesla's China-made Model Y coming soon, will Nio face the strongest threat?
Earlier this month, Nio released August delivery figures, with 3,965 units delivered for the month, up 104.1 percent year-on-year. Of these, 2,840 vehicles were delivered for the ES6 and 1,125 for the ES8.