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Tesla begins sale of cheaper Model Y vehicle in South Korea

The car, which boasts a driving range of 350 kilometres and has a top speed of around 217 km per hour, is available for delivery between August and September.

Published on: Jul 14, 2023, 13:05:44 IST
Reuters | Posted by
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Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker' s website said, making the vehicles eligible for the maximum rate of government subsidies.

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China. (REUTERS)
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China. (REUTERS)

The car, which boasts a driving range of 350 kilometres (217.48 miles) and has a top speed of around 217 km per hour, is available for delivery between August and September, the electric vehicle maker said.

Also Read: Elon Musk's Tesla in talks with India to set up factory for electric cars starting at ₹20 lakh: Report

Local media said the Tesla Model Y cars were made in China. A tweet by Tesla Korea announcing the sale showed a video of cars being produced in its Gigafactory in Shanghai and being shipped.

With subsidies, coupled with Tesla's referral programme, the price can be reduced further to below 50 million won, the company said.

 
ABOUT THE AUTHOR
Nisha Anand

Trainee Content Producer at HT Digital. I read about feminism, late modern history, and globalisation of Korean music.

Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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