Automundo China

Tesla announces revamped Model Y version in China, priced from $35,938

SHANGHAI (Reuters) -Tesla launched a revamped version of the Model Y, its best-selling car, in China on Friday, hoping that upgraded features such as heated seats and a better acoustics system will help it regain market share taken by rivals such as Xiaomi. The new Model Y is priced from 263,500 yuan ($35,900)，5.4% more expensive than the previous version in China, Tesla's second-largest market, the U.S. automaker said on its Weibo social media account. Tesla first launched the Model Y in 2020 and it became the world's best-selling model in 2023.

While China has established a leading position in global electric vehicle (EV) manufacturing and sales, the country continues to face significant hurdles in achieving self-sufficiency in automotive chips, a critical component of its automotive ambitions.

The facelifted Model Y comes in two variants in China, starting at RMB 263,500 ($35,940) for the rear-wheel-drive version and RMB 303,500 for the long-range all-wheel-drive version.

People are freaking out after Chinese automaker BYD released a promotional video showing its Yangwang U9 electric supercar jump over a pothole, some spikes, and a chalk flag. It did all this supposedly while driving itself. Because what we really want is a supercar that drives itself and jumps over stuff. Foreign automakers are suffering in China. Supposedly, the supercar uses its adjustable suspension to “jump” while driving and can launch almost 20 feet forward while going about 75 mph. This i

Tesla deliveries fell for 2024, but a Model Y refresh looms. BYD continue to surge, seizing the BEV crown in Q4. TSLA stock remains strong.

Remember the 1,287-horsepower electric Yangwang U9? In a recently released video, the BYD hypercar is seen driving autonomously and jumping over a variety of obstacles, including road spikes and water-filled potholes.

Warren Buffett is an investor in BYD, a leading electric vehicle. BYD could be gaining market share in Australia at the expense of Elon Musk's Tesla.