Tesla unveils new model Y in China to regain market share amid competition
- by Hindustan Times
- Jan 10, 2025
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Jan 10, 2025 10:33 AM IST
Read this news in brief form Also read: Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
The latest Model Y sports a new light bar that stretches across the front end, similar to Tesla's Cybertruck, while the tailight is also a full-width light bar. Other upgraded features include seats that can be heated or ventilated for comfort in all weather conditions as well as a touchscreen for second-row passengers.
The long-range variant now has a driving range of 719 kilometres per charge, up from 688 km.
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, while in other markets demand for electric vehicles has weakened.
Tesla was the largest maker of battery electric cars in in China in 2020 but Chinese EV rivals have increasingly made inroads, winning over customers with snazzy smart car features.
BYD is currently China's biggest seller of EVs while consumer electronics maker Xiaomi stormed the electric car market last year, delivering more than 130,000 of its first model, the SU7. Xiaomi will launch its first SUV, the YU7, in June or July, directly challenging the Model Y.
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