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Tesla's China-based team is spearheading the development of a new, more affordable variant of the 'Model Y'. This model aims to retain core functionalities while expediting its launch through simplified configurations. The introduction of this model will be contingent upon market reception of the recently refreshed Model Y. Should demand fall short of projections, the new affordable Model Y is anticipated to enter the market in the latter half of this year. On February 26, Tesla commenced deliveries of the refreshed Model Y in China, priced from RMB 263,500, boasting upgrades in exterior design, interior cabin, and driving range. Tesla China is fully engaged in the production of the refreshed Model Y, with weekly registrations consistently on the rise, signaling a robust market resurgence following the launch of this new variant.
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