SHANGHAI (Reuters) -Tesla launched a revamped model of the Mannequin Y, its best-selling automobile, in China on Friday, hoping that upgraded options akin to heated seats and a greater acoustics system will assist it regain market share taken by rivals akin to Xiaomi (OTC:).
The brand new Mannequin Y is priced from 263,500 yuan ($35,900)，5.4% dearer than the earlier model in China, Tesla (NASDAQ:)’s second-largest market, the U.S. automaker stated on its Weibo (NASDAQ:) social media account.
Tesla first launched the Mannequin Y in 2020 and it turned the world’s best-selling mannequin in 2023. The ageing mannequin, nevertheless, misplaced some gross sales momentum final 12 months, harm by competitors from Chinese language rivals in China whereas in different markets demand for electrical automobiles has weakened.
It plans to launch a six-seat variant of the Mannequin Y later this 12 months, sources have beforehand stated.
Particulars about Tesla’s plans for the revamped Mannequin Y in different markets weren’t instantly obtainable.
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