Tesla has announced a price increase for its Model Y electric vehicle lineup in China. The new price for the Model Y Long Range is now 313,500 yuan, an increase of approximately 3,000 yuan from the previous price. Additionally, the Model Y Performance variant’s price has risen by around 4,000 yuan, now costing 380,800 yuan.

Moreover, for the upcoming Model Y 2025 version, there will also be a price adjustment, with consumers seeing an increase that reflects current market conditions. It is expected that the prices will be closely related to the shifts in the supply chain and production costs, which have been climbing due to increased material costs.

As of now, the market has reacted with a blend of excitement and concern – while many see this as a normalization of Tesla’s pricing strategy, others worry about increasing vehicle ownership costs amidst rising inflation rates.