Smart and Sustainable Electric Mobility
Tesla is offering RMB 8,000 ($1,100) in insurance subsidy for the Model 3, restarting a promotional tool it has used many times previously on the first working day of the Year of the Snake in the Chinese lunar calendar.
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In the past nine months, the monthly deliveries of the Xiaomi SU7 beat the Model 3 in China four times.
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Tesla China exported 76,380 Model Y units in 2024, a 54.58 percent decrease from 2023. The Model 3 exported 183,178 units, a 4.14 percent increase from 2023.
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The prices of all three variants of the Model 3 have gone up by RMB 3,600 ($490) in China, with the range of the entry-level version increased by 28 km.
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Tesla Model 3 wait time in China has been shortened from 2-4 weeks previously to 1-3 weeks, while the Model Y remains unchanged at 1-3 weeks.
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Chinese customers who order the Model 3 now can expect to get deliveries in 2-4 weeks, shorter than the previous 4-6 weeks.
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The latest wait times in China for all three variants of the Model 3 are 3-5 weeks, extended from the previous 2-4 weeks. The Model Y remains unchanged at 1-3 weeks.
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Model 3 wait time went from 1-4 weeks to 2-4 weeks, Model Y remains unchanged at 1-3 weeks.
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Today's changes reduce wait times for the Model 3 and Model Y in China to an all-time low. Silver paint is no longer exclusive to the Model Y.
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Tesla has begun deliveries of the updated Model 3 Performance in China, ahead of the third quarter expected when the model was unveiled in the country two months ago.
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