Tesla Sets China-Made Model Y Starting Price at 339,900 Yuan

Bloomberg News, Bloomberg News

An attendee takes a photograph of the Tesla Inc. Model Y crossover electric vehicle during an unveiling event in Hawthorne, California, U.S., on Friday, March 15, 2019. Tesla Chief Executive Officer Elon Musk said the cheaper electric crossover sports utility vehicle (SUV) will be available from the spring of 2021. The vehicle's price will start at $39,000, a longer-range version will cost $47,000. , Bloomberg

(Bloomberg) -- Tesla Inc. set the starting price for its China-made Model Y car at 339,900 yuan ($52,074).

The Model Y Performance car will start at 369,900 yuan, Tesla China said in a statement on Friday. The Model Y is a SUV crossover that has a driving range of up to 594 kilometers (369 miles), according to the official website.

Tesla also launched a modified Model 3 sedan which remained at a post-subsidy price of 249,900 yuan for the basic version. The Model 3 qualifies for China’s national subsidy for electric vehicles, while the Model Y doesn’t.

Tesla’s Dominant Position in China Could Be Threatened Next Year

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Tesla Sets China-Made Model Y Starting Price at 339,900 Yuan