Tesla’s Model Y is among the models whose prices have been trimmed in the US

Tesla’s Shanghai factory has produced its millionth Model Y, according to multiple media reports.

An image of factory workers celebrating the milestone was shared on social media last week with lettering on the floor reading ‘Giga Shanghai Model Y 1m’.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to the China Passenger Car Association (CPAC), Model Y sales in China increased by 26% in Q1 2023.

The Shanghai plant makes Model 3s as well.

To compete local rival BYD, Tesla cut Chinese prices at the beginning of 2023.

See Also:

Prices have since crept up slowly with a standard Model Y costing CNY263,900 (US$37,127) according to the Tesla China website, up from CNY259,900 ($36,564).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.