Tesla is developing a cheaper model as part of the code name “E41”. New cars will be produced using existing production lines, the Reuters agency informants said. Mass -scale production will start at the largest Chinese Tesla factory in Shanghai until 2026.
Model Y cheaper by 20 percent
According to the Reuters agency The car will be smaller and will cost at least 20 percent. less in production than a refreshed Y model Introduced at the end of last year. The Y model, medium -sized SUV crossover, is sold at a price from 263,500 yuan (36,351 USD).
Cars produced at the Shanghai factory will be intended mainly for the Chinese market, What is to help defend the position of Tesla in the Market Square. Tesla’s share in the Chinese electric vehicle market powered only from batteries fell to 10.4 percent last year from 11.7 percent a year earlier.
The same model is also to be produced in Europe and North America, but Reuters’ informants did not give the time frame.
Strong competition
Model Y was the best -selling car in China in 2023 and 2024. However, local competitions are getting more and more about Tesla’s position. Over the past year, they have introduced at least six competitive models to the market.
Xiaomi Yu7 Crossover can become his strongest rival when it is launched this year, said analysts. Sedan SU7 from Xiaomi, which is the third largest producer of smartphones in the world, and the sale of cars began only in April, at the end of last year he exceeded the sale of the 3 Tesla model in a monthly basis.
