top of page

Tesla Plans Cheaper Model Y and Self-Driving Upgrades to Regain Market Share in China


Photo by FMT
Photo by FMT

Summary


  • Tesla plans to introduce a cheaper version of the Model Y, which will be 20% less expensive than the current models.

  • The company is also enhancing its self-driving technology in China by collaborating with Baidu for better integration with local map data.

  • Tesla’s market share in China has dropped significantly, from over 16% in 2022 to just 4.3% in February 2025.


 

Tesla, the global electric vehicle leader, is making strategic moves to regain its competitive edge in the Chinese market, which has seen a significant downturn in sales. The company is set to launch a cheaper version of its popular Model Y in China, with a price cut of approximately 20%. This move is part of Tesla’s broader strategy to combat the fierce competition from local Chinese electric vehicle manufacturers, which have rapidly advanced in both price and technology.

Want to read more?

Subscribe to thechinanow.com to keep reading this exclusive post.

bottom of page