Tesla Prices New Model Y With Eye on Luring Chinese Families
Tesla has priced its new six-seat Model Y SUV in China to compete with local rival Li Auto's extended-range L8 model. The move is aimed at attracting middle-class families in China's highly competitive electric vehicle market. The pricing of the Model Y is designed to make it accessible to a wider range of Chinese consumers, as Tesla seeks to expand its foothold in the world's largest automotive market. The company is focusing on the family-oriented segment, which is a key battleground for electric vehicle makers in China. By offering a competitively priced Model Y, Tesla hopes to lure more Chinese consumers and maintain its position as a leading player in the country's rapidly growing electric vehicle industry.
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