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Tesla begins sale of cheaper Model Y vehicle in South Korea
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SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’ s website said, making the vehicles eligible for the maximum rate of government subsidies.
SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’ s website said, making the vehicles eligible for the maximum rate of government subsidies.
The car, which boasts a driving range of 350 kilometres (217.48 miles) and has a top speed of around 217 km per hour, is available for delivery between August and September, the electric vehicle maker said.
Local media said the Tesla Model Y cars were made in China. A tweet by Tesla Korea announcing the sale showed a video of cars being produced in its Gigafactory in Shanghai and being shipped. With subsidies, coupled with Tesla’s referral programme, the price can be reduced further to below 50 million won, the company said. In Seoul, consumers can receive subsidies of up to 8.6 million won for EV vehicles priced below 57 million won.
($1 = 1,262.5400 won)
(Reporting by Hyunsu Yim; Editing by Ed Davies)
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of traditional fuels like gasoline or diesel.
The Tesla Model Y has a driving range of approximately 350 kilometers (about 217.48 miles) on a single charge.
A referral program is a marketing strategy where existing customers can refer new customers and receive rewards or discounts for successful referrals.
The top speed of an electric vehicle indicates its performance capabilities, which can be a key factor for consumers when choosing a vehicle.
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