Core Insights - Tesla has launched a new Model 3 Long Range Rear-Wheel Drive version with an impressive range of 830 km, the highest among all versions, and a 0-100 km/h acceleration time of 5.2 seconds, with a starting price of 269,500 yuan [2][4]. Group 1: Product Enhancements - The new Long Range Rear-Wheel Drive version shares the same battery brand and capacity as the all-wheel drive version, supplied by LG, differing from the base rear-wheel drive version which uses a 62.5 kWh lithium iron phosphate battery from CATL [4]. - The Long Range Rear-Wheel Drive version achieves a 33% improvement in range compared to the all-wheel drive version, showcasing industry-leading energy efficiency [4]. - The Model 3 Performance All-Wheel Drive version has also been upgraded, with its range increasing from 623 km to 647 km, while maintaining a 0-100 km/h acceleration time of 3.1 seconds and a price of 339,500 yuan [4]. Group 2: Market Challenges - Tesla faces intense competition in the Chinese market, with numerous local manufacturers launching comparable products, and has not introduced new models specifically for China since the Model Y's release in 2020 [5]. - Sales data from the China Passenger Car Association indicates that Tesla's sales in China for the first seven months of the year reached 432,000 units, reflecting a year-on-year decline of 13.6%, with eight consecutive months of declining sales until a slight recovery in June [5]. - A significant new model, the Model Y L, is expected to be launched soon, which analysts view as a potential remedy for Tesla's declining sales in China. This model is a six-seat electric SUV with dimensions of 4976*1920*1668 mm and a wheelbase of 3040 mm, powered by ternary lithium batteries [5]. Group 3: Future Models - Tesla is also set to introduce a more affordable model, the "Model Q," anticipated to be priced around 150,000 yuan, which could disrupt the competitive landscape in that price segment currently dominated by BYD [5].