Tesla to increase prices for Chinese-made Model Y from April 1 – Reuters

© Reuters. An employee meets a customer inside a Tesla Model Y vehicle at the American electric vehicle (EV) manufacturer’s showroom in Beijing, China, February 4, 2023. REUTERS/Florence Lo/File Photo

BEIJING (Reuters) – Tesla (NASDAQ:) plans to raise the price of its Chinese-made Model Y vehicles by 5,000 yuan ($694.55) from April 1, Reuters confirmed on Wednesday.

Tesla said it would increase the price of its Model Y vehicles by about 2,000 euros ($2,177) in some European countries starting March 22. Last Friday, the company announced that starting April 1, the price of all Model Y cars in the United States will increase by $1,000.

($1 = 7.1989 Yuan)