Although Tesla's sales in China have reached a new high, Tesla is still raising the price of the Model 3 and Model Y again in the Chinese mainland at the end of 2021, the specific reason may also be due to the shortage of supply, despite the strong production data, but Shanghai manufacturers are still trying to solve the problem of parts shortages, and how to trade off domestic and foreign car production quotas.
Tesla announced on December 31, 2021, that the price of its basic Model 3, which was produced at its Shanghai factory, would rise by 10,000 yuan after subsidies, and the specific price after the price increase was 265,652 yuan ($41,678), although the current price of the Model 3 is still about 11% lower than the 299,050 yuan when the first Shanghai-made cars were delivered to mainland buyers in January 2020.
As for modelY, the price of the basic version increased by 21,088 yuan, an increase of 7.5%, and the price increase reached 301,840 yuan. The standard Model Y is equipped with a lithium phosphate battery (LFP) that sold for 276,000 yuan when it first rolled off the production line in July 2021. After the recent price increase, the car will no longer enjoy Chinese government subsidies, because the domestic government now only provides subsidies for new energy vehicles with a price of less than 300,000 yuan. And according to the overall plan, China will cut subsidies for new energy vehicles by 30% in 2020, and after 2022, the purchase of new energy vehicles will be completely undepended.
Eric Han, senior manager at Shanghai-based business consultancy Soley, said: "As Tesla becomes more popular in China and Asia, the gap between its car capacity and demand is widening, with higher prices aimed at curbing consumer demand and alleviating production woes. ”