Exclusive-Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say

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Tesla reportedly producing cheaper Model Y to boost sluggish sales in China

Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report.

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Tesla Affordable EV Coming This Year As Smaller, Cheaper Model Y: Report

The new EV, codenamed “E41,” will use existing parts and assembly lines but will cost at least 20% less than the Model Y.

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Exclusive-Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say

SHANGHAI (Reuters) -Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market. The U.S. electric vehicle maker is developing the model under a project codenamed “E41” and will build it using existing production lines, the people said. Mass production will begin at its biggest factory by output in 2026, …

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This could be Tesla’s next plan to recoup China market share

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There's No Tesla Model 2, But the Company May Be Working on a Smaller, More Affordable Model Y

As it fights to regain ground against its Chinese competition, Tesla is reportedly working on a smaller, more affordable Model Y crossover. The post There’s No Tesla Model 2, But the Company May Be Working on a Smaller, More Affordable Model Y appeared first on TFLcar.

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This Friday it was announced that Tesla plans to produce an economic version of its successful Model Y to boost low sales in China. The electric car industry has experienced unprecedented growth in recent years, driven by growing environmental awareness, the development of advanced technologies and the support of government policies in favor of sustainable mobility. Within this scenario, Tesla has positioned itself as the undisputed leader, sett…