Tesla Increased Prices For Almost All Model 3/Model Y In China Too

The latest move basically mirrors the increase applied in the U.S.

Mar 16, 2022 at 12:49pm ET

Tesla has just applied a noticeable price increase to almost all Made-in-China (MIC) Model 3 and Model Y in China, basically mirroring the move in the U.S.

It's also the second price increase in China, where earlier this month Tesla increased prices of the NCM-powered Model 3/Model Y cars.

According to news from Europe, also there the prices went up, so it appears to be a global price adjustment.

Let's take a look at the numbers in China. The prices increased by about 14,000-20,000 CNY ($2,203-$3,148), depending on version:

Model 3 RWD: *279,900 CNY ($44,062) - up 14,248 CNY or 5.1%
* 290,988 CNY ($45,808) minus 11,088 CNY ($1,745) subsidy
Model 3 Performance: 367,900 CNY ($57,916) - up 18,000 CNY or 5.1%
Model Y RWD: 301,840 CNY ($47,516) - no change
Model Y Long Range AWD: 375,900 CNY ($59,175) - up 18,000 CNY or 5.0%
Model Y Performance: 417,900 CNY ($65,787) - up 20,000 CNY or 5.0%

As we can see, the change is roughly 5% or so, on top of the previous 2.5-3% increase applied to NCM-powered cars (only the entry-level versions are LFP-powered).

An important question is whether those prices will last or if they will be followed by further increases in 2022. The situation is definitely challenging.

Tesla lineup in China

Tesla Model 3

MIC Tesla Model 3 RWD (LFP):

Price: *279,900 CNY ($44,062)
* 290,988 CNY ($45,808) minus 11,088 CNY ($1,745) subsidy
Range (CLTC): 556 km (346 miles) vs 468 km (291 miles) NEDC previously
0-100 km/h (62 mph) in 6.1 seconds
top speed of 225 km/h (140 mph)

MIC Tesla Model 3 Performance: