Tesla is launching two electric cars in China, the Model 3 Plus and the Model YL, to regain some power in the global automotive industry.
Specifically, Tesla now appears to be competing with Asian electric vehicle (EV) competitors including companies such as Bead and Xiaomi.
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But as Chinese competitors lower prices and rapidly expand their production, Elon Musk and his American auto companies may find the road steeper than ever.
Tesla’s latest sedan, Model 3 Plus, has a higher LG-powered battery and promises a longer range than any existing Model 3 in China, although official statistics have not been released to the public yet. Carnewschina first announced licensing details for new vehicle configurations. It seems Musk hopes that these new models and their modern facilities will be breakthroughs in regaining the capabilities of the Asian market.
The Model YL SUV is a larger version of the existing model Y, with a true third row, six seats and a dual electric motor, offering 456 horsepower. According to a report by Elektek, the new YL is being launched to compete with other progressive home-sized Chinese electric vehicles, such as the Nio Onvo L90.
These new car configurations from Musk and Company follow a reaction to Tesla’s previously released “juniper” (thinked to be another model Y refresh) and are after the company reported a 14% drop in global delivery for the last quarter.
This is not a minor issue, especially in China, which can easily become the world’s largest electric vehicle market, and the battle is now related to affordability and innovation.
With the new YL expected to start at a price north of $50,000, Tesla’s premium pricing could be a responsibility in a market where $39,000 is purchased for local manufacturing competitors with similar features in the Chinese Communist Party.
In any case, Musk seems to be confident in the future of his car company.
On July 13, Tesla’s founder released it to X, simply put:Just left Tesla Design studio. By the end of the year, most epic demos. once. ”
