Tesla enjoying high demand for Model Y Standard Range in China: Reports

Tesla enjoying high demand for Model Y Standard Range in China: Reports

The newly introduced entry-level Made-in-China (MIC) Tesla Model Y Standard Range RWD version will sell like hot cakes in China as the American EV giant is receiving tons of orders from potential customers, according to Chinese media reports.

As per emerging unconfirmed media reports from China, the number of orders for the Tesla Model Y Standard Range RWD version exceeded 10,000 units on the very first day of its launch, and then 5,000 units on the following day. Publishing the aforementioned orders for the recently introduced RWD version of the Model Y Standard Range, a media outlet Moneyball claimed that it received the stats from a Tesla sales consultant in Beijing.

Ray4Tesla also reported a high number of orders for the new Tesla EV. It claimed that a large number of potential buyers are paying visits to Tesla stores across China. Many are showing eagerness to buy the standard Range Version of the EV, but it is not yet available in many stores. The company is receiving orders with the promise to deliver the vehicle when it comes available.

The Ministry of Industry & Information Technology (MIIT) recently listed the Tesla Model Y Standard range among vehicles approved for production and sales in the China—the world’s largest car market. Tesla’s manufacturing facility in Shanghai, dubbed Gigafactory Shanghai, is reportedly ready for production of the new EV, with customer deliveries slated for September this year.

While media reports are claiming that Tesla is enjoying tons of orders for the new EV, any such report should be taken with a pinch of salt as the American manufacturer hasn’t revealed any such figures. However, one should not ignore the fact the China is the world’s largest car market, and Tesla cars have always been popular there.

The MIC Tesla Model Y Standard Range RWD version falls under the category of sports utility vehicle (SUV), and offers a New European Driving Cycle (NEDC) range of 525 km (roughly 326 miles) and a 0-100 km acceleration time of 5.6 seconds, with a top speed of 217 km/h. As the name suggest, it has rear wheel drivetrain, equipped with 220-KW electric motor, which will draw power from a large Lithium iron phosphate (LFP) battery pack supplied by CATL. In China, the eye-catching EV will cost 276,000 CNY ($42,600), after a 20,000 CNY electric car incentive.

Business News: