Tesla Model Y, China

Exclusive-Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say
SHANGHAI (Reuters) -Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.
Tesla reportedly producing cheaper Model Y to boost sluggish sales in China
Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the version launched last year, and will be manufactured on existing production lines, sources with knowledge of the matter told Reuters.
This could be Tesla’s next plan to recoup China market share
Tesla has lost share to Chinese competitors, while Elon Musk’s political activities have led to steep declines in Tesla sales in Europe.
Tesla Plans Affordable Model Y to Revitalize China Sales
Elon Musk's company intends to unveil a more economical version of the Model Y SUV in order to recover its market share in China's highly competitive electric vehicle market. The company has also planned to set up mass production by 2026.
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