Published by Global Banking & Finance Review®
Posted on August 19, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleTesla begins orders for its new Model Y L in China at $47,200, aiming to refresh its lineup and tackle local competition in the world's largest auto market.
BEIJING (Reuters) -Tesla Inc started accepting orders for its new Model Y L in China on Tuesday with a starting price of 339,000 yuan ($47,184), its website showed, as it refreshes its line-up in the world's largest auto market to battle growing competition.
Tesla first launched the Model Y in 2020 and it became the world's best-selling car in 2023. The ageing model lost some sales momentum last year, hurt by competition from local rivals in China such as Xiaomi's YU7, while in other markets demand for electric vehicles has weakened.
In January, Tesla launched a new version of the Model Y with a redesigned exterior and upgraded features in Asia Pacific markets and in July registered plans with Chinese authorities for the new Model Y L.
A longer-range, rear-wheel drive Model 3 is also coming to the Chinese market, according to filing information published on China's industry ministry website in July.
Elon Musk's Tesla registered an 8.4% fall in July sales of its China-made electric vehicles.
($1 = 7.1846 Chinese yuan)
(Reporting by Liz Lee, Shanghai newsroom and Brenda Goh; Editing by Himani Sarkar)
The starting price for Tesla's new Model Y L in China is 339,000 yuan, which is approximately $47,184.
Tesla first launched the Model Y in 2020, and it became the world's best-selling car in 2023.
The new version of the Model Y features a redesigned exterior and upgraded features, which were launched in January.
In July, Tesla registered an 8.4% fall in sales of its China-made electric vehicles.
A longer-range, rear-wheel drive Model 3 is also set to be introduced in the Chinese market.
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