Tesla to Launch Six-Seat Model Y in China by 2025
Tesla aims to boost its market share in China's competitive EV landscape with new Model Y variant.
- Tesla plans to produce a six-seat version of its Model Y at its Shanghai factory starting in late 2025.
- August saw Tesla's best sales month of the year in China, with a 17% increase from July.
- Despite a global demand slowdown, Tesla's China-made EV sales grew by 3% year-on-year in August.
- Tesla faces stiff competition from domestic EV makers like BYD, XPeng, and Li Auto.
- Chinese government incentives and zero-interest loans have helped boost Tesla's recent sales.