Tag: tesla model 3 price

Tesla launches in Thailand, vying to compete with China EVs
Technology

Tesla launches in Thailand, vying to compete with China EVs

[ad_1] Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. The company staged a glitzy showcase of its plans Wednesday at Bangkok's Siam Paragon mall. Online purchases have begun, with plans to deliver vehicles to buyers in the first quarter of next year. Southeast Asia's market of more than 600 million consumers is increasingly a focus for automakers looking to expand sales, especially of electric vehicles. Tesla said the vehicles will have the latest satellite navigation systems and other features such as over-the-air software updates. The company is sell...
Tesla Cuts China Prices, Partly Reversing Previous Increases
Technology

Tesla Cuts China Prices, Partly Reversing Previous Increases

[ad_1] Tesla Inc. cut the price of its cars in China by about 5% as it ramps up production at its Shanghai factory. Tesla Inc. cut the price of its cars in China by about 5% as it ramps up production at its Shanghai factory, partly reversing price hikes imposed earlier this year. The US-based electric vehicle pioneer lowered the price of its locally-built basic Model 3 to 265,900 yuan ($36,774) from 279,900 yuan effective Monday, its website shows. The starting price of a Model Y SUV was cut to 288,900 yuan from 316,900 yuan. The cuts come as Tesla faces hotter competition from local EV makers such as BYD Co., which sold a record 200,973 vehicles last month, and upstarts like Nio Inc. and Xpeng Inc., which are expanding their line-ups. Domestic automakers accounted for almost 80%...