Tesla is predicted to cut back pricing of its Mannequin 3 and Mannequin Y autos in Hong Kong, per a latest report by The Hong Kong Financial Occasions. The three and Y are two of the most well-liked autos in Hong Kong and often outsell combustion-engined rivals.
At present, the Rear-Wheel-Drive Mannequin 3 begins at HK$341,200 ($43,745), the Lengthy Vary is available in at HK$387,900 ($49,732), and the Efficiency prices HK$406,900 ($52,168). In response to the report, pricing shall be decreased by between “6 and 11.9 %” though actual new costs for every mannequin weren’t given.
The identical applies for the Mannequin Y, which presently is available in at HK$367,100 ($47,065) for the RWD, HK$415,900 ($53,322) for the Lengthy Vary, and HK$428,700 ($54,963) for the Efficiency.
Tesla first entered the Hong Kong market again in 2013, with the automaker’s Hong Kong retailer being its first in all of Asia. With the Mannequin S and X not being obtainable in Hong Kong since 2020, all Teslas offered there are actually, unsurprisingly, constructed at Giga Shanghai.
It is essential to notice Tesla has not confirmed the above value modifications, nonetheless a number of sources point out they are going to come into impact quickly. The broader Chinese language EV market is extremely aggressive with quite a few key native gamers like BYD, XPeng, and NIO. Therefore value wars are fixed, and Western producers usually must make cuts as a way to keep aggressive