Will the Long-Range Model Y+ Help Tesla Catch Up in China?

Key Takeaways Tesla's China deliveries have been pressured by fierce local competition and ongoing price cuts.Model Y accounted for about 70% of Tesla China's local sales, boosted by new variants like the Model Y L.The new Model Y targets up to 800 km range to help Tesla regain ground in China's crowded EV market.Once the undisputed electric vehicle (EV) leader in the world’s largest EV market, Tesla (TSLA) is now under pressure from homegrown rivals. As competition intensifies and price wars deepen, Tesla ...